Listed below are year-end account balances (in thousands of $) of 31.12.21 from XYZ Corporation's records.

XYZ Company
Adjusted trial balance
31 December 2021
	debt		Credit
Accounts receivable	700
Bina	480
Equipment	375
in advance	125
Inventory	90
Kara	300
notes receivable	530
Investments	330
Prepaid rent (for the next 2 years)	50
Supply	20
So	50
Prepaid Insurance (for the next 3 years)	90
Accounts payable			620
Accumulated depreciation - Equipment			225
Accumulated depreciation - Buildings			180
Total equity			1110
Debt payable			50
Income tax payable			80
Allowance for suspicious accounts			55
Notes payable			600
Interest payable			60
deferred income			160
TOTALS	3.140		3.140

Additional information and requirements:

Additional Information:

1. Land includes $125,000 of land held for a potential factory site and $175,000 of land for existing factory site.

2. The maturity of notes receivable is 2023. The $530 balance includes $30 accrued interest. The next interest payment will be made in July 2022.

3. Investments include $70,000 treasury bills purchased in November 2021 and due in January 2022; $100 of commercial securities expected to be sold within the next year. The balance represents securities that are expected to be held for more than one year.

4. As of 12/31/21, Shareholder equity has issued common stock with a nominal value of $1.00, 300,000 authorized shares and 150,000 shares at an average price of $4.50. The remaining balance in equity is retained earnings.

5. Note payable represents a 12% promissory note with interest paid annually on February 28. The promissory note expires in installments of $100 as of 28/2/22.

6. Deferred income will be recognized equally over the next 24 months.

1.) Prepare a classified balance sheet for XYZ Corporation as of December 31, 2021. Complete the balance sheet questions.

1. Net accounts receivable ________________________
2. Total current assets ________________________
3. Total investments (long term) ________________________
4. Net Buildings ________________________
5. Toplam PP&E, net ________________________
6. Total intangible assets ________________________
7. Total other assets ________________________
8. Total Assets ________________________
9. Total current responsibilities ________________________
10. Total Long-Term Liabilities ________________________
11. Stock ___________

2.) Calculate the below ratios:

find ratio =
Debt to equity ratio =
Acid test (quick) rate =
working capital =

Answer rating: 100% (QA)

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