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