Show all of your work.
Assets Liabilities and Owner’sEquity
A/P | $60,000 |
LT Debt | 100,000 |
Total Debt | 160,000 |
CS, par | 2,000 |
PIC | 50,000 |
R/E | 50,000 |
Total Equity | $102,000 |
Total Liabilities and Owners Equity | $262,000 |
Cash | $1,000 |
A/R | 6,500 |
Inventory | 62,500 |
Prepaids | 12,000 |
Fixed Assets | 250,000 |
Accum Depreciation | (70,000) |
Total Assets | $262,000 |
Sales | $800,000 |
COGS | 370.000 |
Gross Profit | 430,000 |
Operating Exp. | -170,000 |
Depreciation | -10,000 |
EBIT | 250,000 |
Interest | -10,000 |
EBT | 240,000 |
Taxes | -80,000 |
Net Income | $160,000 |
Prepare a financial analysisof this company (using ratios and your rationale) and comment onits status and performance in the space below. Use another page ifyou need more room. Explain what the ratios depictabout the financial status of the company.
