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VWX Corp. provides the following financial data for the year ended March 31, 2023. Balance Sheet as of March 31, 2023 Cash: $260,000 Accounts Receivable:
VWX Corp. provides the following financial data for the year ended March 31, 2023.
Balance Sheet as of March 31, 2023
- Cash: $260,000
- Accounts Receivable: $460,000
- Inventory: $550,000
- Prepaid Expenses: $80,000
- Property, Plant, and Equipment (Net): $1,700,000
- Total Assets: $3,050,000
Liabilities and Equity
- Accounts Payable: $310,000
- Short-term Debt: $250,000
- Long-term Debt: $900,000
- Common Stock: $1,300,000
- Retained Earnings: $290,000
- Total Liabilities and Equity: $3,050,000
Income Statement for the year ended March 31, 2023
- Sales: $3,200,000
- Cost of Goods Sold: $1,900,000
- Operating Expenses: $800,000
- Interest Expense: $70,000
- Taxes (25%): $107,500
- Net Income: $322,500
Analyze the financial position of VWX Corp. from the points of view of (i) liquidity, (ii) solvency, (iii) profitability, and (iv) efficiency.
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