Question: Bulleted Format: Total assets: $130,000,000 Total liabilities: $90,000,000 Total equity: $40,000,000 Net income for the year: $5,000,000 Cash and cash equivalents: $15,000,000 Accounts receivable: $20,000,000

Bulleted Format:

  • Total assets: $130,000,000
  • Total liabilities: $90,000,000
  • Total equity: $40,000,000
  • Net income for the year: $5,000,000
  • Cash and cash equivalents: $15,000,000
  • Accounts receivable: $20,000,000
  • Inventory: $25,000,000
  • Property, plant, and equipment: $70,000,000
  • Long-term debt: $60,000,000
  • Accounts payable: $35,000,000
  • Accrued expenses: $10,000,000
  • Revenue for the year: $180,000,000
  • Cost of goods sold: $70,000,000
  • Operating expenses: $50,000,000
  • Income tax expense: $6,000,000
Provide a detailed financial analysis of LMN Corporation, focusing on its liquidity and profitability, and recommend strategies for improvement

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