Ian Manufacturing - Financial Analysis

Table of Contents pecuniary Statements2 equationt A3 character B7 comparabilityt C8 Financial Statements Ian Manufacturing company was organized quintuplet historic stopover ago and manufactures toys.

The to the highest degree recent three years balance wheel sheets and income statements are reproduced under: Ian Manufacturing beau monde Balance sheets June 30, course of instruction 5, year 4 and year 3 course of study 5 category 4twelvemonth 3 Assets currency$12,000 $15,000 $16,000 Accounts receivable net183,00080,00060,000 origin142,00097,00052,000 Other ongoing summations5 ,0006,0004,000 Plant and Equipment, net160,000110,00070,000 Total asset$502,000 $308,000 $202,000 Liabilities and Equity$147,800 $50,400 $22,000 Accounts due30,00014,40028,000 Federal income tax payable120,00073,00022,400 Common stock,$5 Par value110,000110,00080,000 Retained earning94,20060,20049,600 Total Liabilities and Equity$502,000 $308,000 $202,000 IAN Manufacturing Company Condensed Income Statement For years terminate June 30, Year 5, Year 4, Year 4 Year 5Year 4Year 3 web sales $1,684,000 $1,250,000 1,050,000 Cost of Goods interchange(927,000)(810,000)(512,000) Gross profit757,000440,000538,000 merchandise and administrative costs(670,000)(396,700)(467,760) direct Income87,000433,00070,240 Interest Cost(12,000)(7,300)(2,240) Income before Income Tax75,00036,00068,000 Income Tax(30,000)(14,400)(28,000) Net Income45,00021,60040,000 IAN Manufacturing Company Statement of retained Earnings For the year ended June 30, Year 5 and Year 4 Year 5Year 4 Balance, first base ceremon! y60,20049,600 Add: Net Income45,00021,600 Subtotal105,20071,200 Deduct : Dividends Paid11,00011,000 Balance, Ending94,20060,200 Part A reckon the following measures for both years 4 and 5 1. working(a) big(p) 2.Current ratio 3.Acid-test ratio 4.Accounts receivable turn over 5.Collection period of receivables 6.Inventory turn over 7.Days to sell...If you want to get a comprehensive essay, order it on our website: BestEssayCheap.com

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