The Jimenez Corporations forecasted 2019 financial statements follow, along with some industry average ratios. Calculate Jimenezs 2019
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The Jimenez Corporation’s forecasted 2019 financial statements follow, along with some industry average ratios. Calculate Jimenez’s 2019 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez’s projected strengths and weaknesses.
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Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2019 Assets Cash Accounts receivable Inventories Total current assets Fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt $ 72,000 439,000 894,000 $1,405,000 431,000 $1,836,000 $ 332,000 100,000 170,000 $ 602,000 404,290 Common stock Retained earnings Total liabilities and equity 575,000 254,710 $1,836,000
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Related Book For
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
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