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.