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The following applies to Questions 5-13: (30 points) Company X is a Supplier being evaluated by Acme Manufacturing. Acme is conducting a financial viability analysis

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The following applies to Questions 5-13: (30 points) Company X is a Supplier being evaluated by Acme Manufacturing. Acme is conducting a financial viability analysis on Company X. The following are the 2020 and 2021 Balance Sheets and Income Statements for Company X Balance Sheet FY 2020 ($ in millions) Assets Liabilities Current Assets Current Liabilities Cash 300 Payables 300 Inventory 1000 Short-term 100 Notes Receivables 500 Total Current Liabilities 900 Total Current Assets Long-Term 1800 1400 Liabilities/Debt Fixed Assets Total Liabilities 2300 PP&E 4000 | Owners' Equity 2300 Depreciation 1000 Net Fixed Assets 3000 Total Assets 4800 Balance Sheet FY 2021 ($ in millions) Assets Liabilities Current Assets Current Liabilities Cash 200 Payables 1200 MacBookInventory 120 Short-term 200 Notes Total Current Receivables 600 1400 Liabilities Total Current Assets Long-Term 2000 1100 Liabilities/Debt Fixed Assets Total Liabilities 2500 PP&E 4000 Owners' Equity 2500 Depreciation 1000 Net Fixed Assets 3000 Total Assets 5000 PP&E: Plant, Property & Equipment Income Statement FY 2020 ($ in millions) Total Net 5000 Sales COGS 2800 Gross Profit 2200 SG&A 1200 Depreciation 200 EBIT 800 Interest 200 MacBookEBT 600 Taxes 300 Net Income 300 Income Statement FY 2021 ($ in millions) Total Net 5500 Sales COGS 3000 Gross Profit 2500 SG&A 1300 Depreciation 200 EBIT 1000 Interest 200 EBT 800 Taxes 300 Net Income 500 COGS: Cost of Goods Sold SG&A: Sales, general & Administrative Expenses EBIT: Earnings Before Income and Tax Use 360 days/year for your computations Using the data provided above and assuming 360 days per year: MacBook

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