29 Jun Question You are given the following inf
Question
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 26,250
Interest expense 4,300
Inventories 7500
Long-term debt 56000
Net buildings & equipment 89000
Net income ?????
Operating income (EBIT) ?????
Retained earnings 16150
Sales 33,000
Short-term notes payable 700
Taxes @40% 8,160
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
Use this Templates for Part 1:
XYZ Corporation
Balance Sheet
As of December 31, 20XX
Assets
Current Assts
Total Current Assets
Total Assets
Liabilities and Equity
Liabilities
Total Current Liabilities
Total Liabilities
Equity
Total Equity
Total Liabilities and Equity
XYZ Corporation
Income Statement
For the year ending December 31, 20XX
Sales
Net Income
Use the Template below for Part Two:
Ratio Formula Your Answer
Operating Profit Margin After Taxes
Gross Profit Margin
Average Collection Period
Total Asset Turnover
Fixed Asset Turnover
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