Analyse the overall performance and solvency of the company. Comment on any transactions that have occurred from 2022 to 2023, and how they may have affected the solvency and performance of the company. Make recommendations for improving the performance of the company if you identify opportunities based on the ratios, income statement and balance sheet.

Transcribed Image Text:

Crystal Limited Balance Sheet 30 June 2023 & 2022 2023 2022 Assets Current Assets: Cash 64,900 64,200 Marketable Securities 100,000 50,000 Accounts Receivable 150,000 102,800 Inventory 200,000 115,500 Total Current Assets 514,900 332,500 Property Plant & Equipment 625,300 520,300 Total Assets 1,140,200 852,800 Liabilities and Stockholder's Equity Current Liabilities: Accounts Payable 150,000 145,400 Income Tax Payable 43,500 42,000 Total Current Liabilities 193,500 187,400 Long Term Liabilities: Notes Payable 210,000 200,000 Total Liabilities 403,500 387,400 Stockholder's Equity: Share Capital Retained Earnings Total Stockholder's Equity 450,000 300,000 286,700 165,400 736,700 465,400 Total Liabilities and Stockholder's 1,140,200 852,800 Equity Crystal Limited Balance Sheet 30 June 2023 & 2022 2023 2022 Assets Current Assets: Cash 64,900 64,200 Marketable Securities 100,000 50,000 Accounts Receivable 150,000 102,800 Inventory 200,000 115,500 Total Current Assets 514,900 332,500 Property Plant & Equipment 625,300 520,300 Total Assets 1,140,200 852,800 Liabilities and Stockholder's Equity Current Liabilities: Accounts Payable 150,000 145,400 Income Tax Payable 43,500 42,000 Total Current Liabilities 193,500 187,400 Long Term Liabilities: Notes Payable 210,000 200,000 Total Liabilities 403,500 387,400 Stockholder's Equity: Share Capital Retained Earnings Total Stockholder's Equity 450,000 300,000 286,700 165,400 736,700 465,400 Total Liabilities and Stockholder's 1,140,200 852,800 Equity