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The second image is supposed to be where the pages split QUESTION 13 1. The Cypress Corporation's Annual Report contained the following information: $32,000 70.000
The second image is supposed to be where the pages split
QUESTION 13 1. The Cypress Corporation's Annual Report contained the following information: $32,000 70.000 $102.000 900.000 $1,002.000 834.000 $1.836.000 Balance Sheet as of December 31, 20XX Cash $72,000 Accounts Payable Accounts Receivable 439,000 Other Short-term Payables Inventories 594 000 Total Current Liabilities Total Current Assets $1,405,000 Long-term Debt Total Liabilities Plant, property, equip 731.000 Total Common Equity Total Assets $1.836.000 Total Liabilities & Equity Income Statement for the year ending December 31, 20xx Sales $4.290,000 Cost of Goods Sold 3.580.000 Gross Operating Profit 5 710,000 General Adm & Selling Exp 236,320 Depreciation 159.000 Misc Expenses 94.000 Earnings Before Interest and Taxes $ 220,680 Interest Expense 40.000 Earnings Before Taxes $ 180.680 Taxes (40%) 72 272 Net Income $_108.408 2019 (2 points each) (1 point each) Current ratio Calculate the following and show your work!) financial ratios for Cypress, compare them with the industry average data provided and comment if each ratio signifies a strength, weakness or neither for Cypress (24 points) Ratio Calculation (2 points each) Industry Average Strength, Weakness, or Neither (1 point each)Step by Step Solution
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