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The following information is available on the XYZ Corporation XYZ Corporation Balance Sheet at December 31, 2018 (in millions) ASSETS LIABILITIES AND EQUITY Cash &
The following information is available on the XYZ Corporation XYZ Corporation Balance Sheet at December 31, 2018 (in millions) ASSETS LIABILITIES AND EQUITY Cash & Cash Eq Accounts receivable $900 Accounts payable 1,300 Bank loans Accruals Inventorv 600 Current Liabilities Current Assets Long-term debt Total Liabilities Fixed Assets a cost Accum. depreciation Net Fixed Assets 3,600 Common stocks 300 Retained earnings Total Equity Total Liability and equity Total Assets Income Statement for 2018 (in millions) Net Sales Cost of goods sold Other Information Credit sales percentage Gross profit margin Average combined tax rate Interest coverage ratio 85% 9,600 20% 30% Gross Profit 10.00 1.00 6.00 4.80 SG&A expenses EBIT Quick ratio 140 AR turnover Interest expense EBT Inventory turnover 14.00% 2.00 Tax ROI EAT Debt to equity ratio Complete the balance sheet and income statement for XYZ Corporation
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