Calculate balance sheet financial analysis the : Current Ratio , Working Capital Leverage,A/R Turndays, Inventory Turndays, and Accounts payable turnover using balance sheet.

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Table A Condensed Income Statements, 1988-1990 (thousands of dollars) 1988 1989 1990 Net sales $5,198 $5,950 $7,433 Cost of goods sold 3,586 4,284 5,203 Gross profit $1,612 $1,666 $2,230 Operating expenses 1,270 1,549 1,860 Profit before taxes $ 342 $ 117 $ 370 Federal income taxes 116 46 126 Net profit $ 226 $ 71 $ 244 Table B Balance Sheet at December 31, 1990 (thousands of dollars) Cash Accounts receivable Inventory Current assets Plant and equipment, net Total assets Accounts payable Notes payable, bank Accrued taxesa Long-term debt, current portion Current liabilities Long-term debt $ 175 2,628 530 $3,333 1,070 $4,403 $ 255 680 80 50 $1,065 400 2,938 $4,403 Shareholders' equity Total liabilities and shareholders' equity aThe company was required to make estimated tax payments on the 15th of April, June, September, and December. In 1990 it elected to base its estimated tax payments on the previous year's tax. The balance of $80,000 was due on March 15, 1991. Table A Condensed Income Statements, 1988-1990 (thousands of dollars) 1988 1989 1990 Net sales $5,198 $5,950 $7,433 Cost of goods sold 3,586 4,284 5,203 Gross profit $1,612 $1,666 $2,230 Operating expenses 1,270 1,549 1,860 Profit before taxes $ 342 $ 117 $ 370 Federal income taxes 116 46 126 Net profit $ 226 $ 71 $ 244 Table B Balance Sheet at December 31, 1990 (thousands of dollars) Cash Accounts receivable Inventory Current assets Plant and equipment, net Total assets Accounts payable Notes payable, bank Accrued taxesa Long-term debt, current portion Current liabilities Long-term debt $ 175 2,628 530 $3,333 1,070 $4,403 $ 255 680 80 50 $1,065 400 2,938 $4,403 Shareholders' equity Total liabilities and shareholders' equity aThe company was required to make estimated tax payments on the 15th of April, June, September, and December. In 1990 it elected to base its estimated tax payments on the previous year's tax. The balance of $80,000 was due on March 15, 1991.

Answer rating: 100% (QA)

Detailed Explanation The provided financial statements from the images include income statements for the years 1988 to 1990 and balance sheets for the yearend 1990 and pro forma balance sheets for eac... View the full answer