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You are tasked with analyzing the financial performance of RST Corporation for the fiscal year...

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Accounting

You are tasked with analyzing the financial performance of RST Corporation for the fiscal year ending December 31, 2023. Based on the provided financial data, conduct a comprehensive evaluation of the company's financial health, identify any potential areas of concern, and propose actionable recommendations to address them.

Financial Data:

  • Total assets: $220,000,000
  • Total liabilities: $150,000,000
  • Total equity: $70,000,000
  • Net income for the year: $8,000,000
  • Cash and cash equivalents: $30,000,000
  • Accounts receivable: $35,000,000
  • Inventory: $45,000,000
  • Property, plant, and equipment: $90,000,000
  • Long-term debt: $80,000,000
  • Accounts payable: $40,000,000
  • Accrued expenses: $15,000,000
  • Revenue for the year: $300,000,000
  • Cost of goods sold: $120,000,000
  • Operating expenses: $80,000,000
  • Income tax expense: $10,000,000

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