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problem: Describe how you would analyze the financial performance of a publicly traded corporation [Y Corporation] if you were provided with three (3) years of Y Corporation's audited financial statements, & a listing of their industry's key financial and ratio performance for the same period. Describe what specific information you would analyze and your general approach for analyzing & presenting this information. Add any caveats or disclaimers that would issue with the report. 

End of Mid-term Examination

ENCLOSURE 1

[The Balance Sheet and Income Statement for Spectrum, Inc. is presented below for your use in solving problem 3]

 Spectrum, Inc.

 BALANCE SHEET (000)

Cash

$500

Accounts receivable

1,500

Inventories

500

Current assets

 2,500

Net fixed assets

5,000

Total Assets

$7,500

 

Accounts payable

1,200

Bank note

300

Total current liabilities

1,500

Long term debt

4,000

Common stock

300

Retained earnings

1,700

Total liabilities and owner's equity

$7,500

 

Spectrum, Inc.

INCOME STATEMENT (000)

Net sales

$8,500

Cost of goods sold

3,400

Gross profit

5,100

Operating expenses

2,900

Net operating income

2,200

Interest expense

580

Earnings before taxes

1,620

Income tax (34%)

551

Net income

$1,069

 

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M920442

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