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Using the following financial information, prepare a complete set of financial statements (income statement, balance sheet, and statement of cash flows) for Caterpillar Inc. for
- Using the following financial information, prepare a complete set of financial statements (income statement, balance sheet, and statement of cash flows) for Caterpillar Inc. for the fiscal year ending December 31, 2023. Data: total revenue $8,000,000, cost of goods sold $3,200,000, operating expenses $1,600,000, interest expense $400,000, tax expense $560,000, beginning cash balance $240,000, cash paid for equipment $800,000, cash received from loans $1,200,000, and cash paid for dividends $160,000. Discuss the financial health of the company based on the prepared statements and suggest areas for improvement.
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