You are given the following information about XYZ Corporation:
Account Name Value
Accounts payable 5800
Accounts receivable 10600
Accumulated depreciation 34000
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
Long-term debt 56000
Net buildings & equipment 89000
Net income ?????
Operating income (EBIT) ?????
Retained earnings 16150
Short-term notes payable 700
Taxes @40% 8,160
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:
As of December 31, 20XX
Total Current Assets
Liabilities and Equity
Total Current Liabilities
Total Liabilities and Equity
For the year ending December 31, 20XX
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
Debt to Total Assets
Times Interest Earned
Use this template for Part 3:
Company Year 1 Company Year 2 Industry Average Cross Sectional Analysis (% Difference) Trend Analysis (% Change)
Current Ratio 5x 3x 4x
Quick Ratio 3x 1.6x 3x Ratio
Total Asset Turnover .4xx .56x .7x
Average Collection Period 130 days 110 days 100 days
Inventory Turnover 1.20x 1.41 x 2.2x
Fixed Asset Turnover 1.01x 1.20x 1.1x
Debt Ratio 30% 34% 33%
Times Interest Earned 4.0x 5.0x 6.0x
Return on Common Equity 8% 12% 10%
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