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You are given the following information about XYZ Corporation: Account Name Value Accounts payable 5800 Accounts receivable 10600 Accumulated depreciation 34000 Cash 17550 Common stock
You are given the following information about XYZ Corporation: | |||||||
Account Name | Value | ||||||
Accounts payable | 5800 | ||||||
Accounts receivable | 10600 | ||||||
Accumulated depreciation | 34000 | ||||||
Cash | 17550 | ||||||
Common stock (10,000 shares) | 46000 | ||||||
Cost of goods sold | 6,750 | ||||||
Depreciation expense | 600 | ||||||
Earnings before taxes | ????? | ||||||
General & admin expense | 950 | ||||||
Gross buildings & equipment | 123000 | ||||||
Gross profits | 27,250 | ||||||
Interest expense | 4,300 | ||||||
Inventories | 7500 | ||||||
Long-term debt | 56000 | ||||||
Net buildings & equipment | 89000 | ||||||
Net income | ????? | ||||||
Operating income (EBIT) | ????? | ||||||
Retained earnings | 16250 | ||||||
Sales | 33,000 | ||||||
Short-term notes payable | 700 | ||||||
Taxes @40% | 8,560 | ||||||
Required: | |||||||
Using the Data above, complete the following on the templates provided: | |||||||
Part 1: Complete the Balance Sheet and Income Statement for XYZ Corporation | |||||||
Part 2: Calculate the Ratios for XYZ Corporation | |||||||
Part 3: Complete the Ratio analysis using Cross-Sectional Analysis and Trend Analysis |
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