Complete all questions below:

1. Prepare a report by Analyzing the Financial statements for XYZ Co and doing a trend analysis. The report will be used in financial planning process.

Sales
Cash	2,100	1,700	2,480
Credit	19,200	15,800	16,320
Total Sales	21,300	17,500	18,800

Cost of goods sold

17,800

19,240

13,832

Gross profit

3,500

(1,740)

4,968

Operating expenses:

General, admin, and selling expenses	1,400	200	1,750
Depreciation	237	1,746	1,526
Interest expenses (on borrowings)	440	636	1,340
Profit before tax (PBT)	1,423	(4,322)	352

Tax @ 30%

427

106

Profit/Loss after tax (PAT)

996

(4,322)

246

Statement of Balance Sheet as at 31 December 2019 (USD "000)

2019 2017 2018

Assets
Fixed assets (net of depreciation)	2,670	14,900	13,500
Current assets
Cash and cash equivalents	1,360	447	1,200
Accounts receivable	23,000	4,000	16,000
Inventories	24,500	6,200	15,700
Total	51,530	25,547	46,400

2019 2017 2018

Equity & Liabilities
Equity share capital (shares of USD 10 each)	14,062	18,076	20,612
Reserve & Surplus	10,976	1,564	4,648
Long-Term Borrowings	3,162	3,560	10,960
Current Liabilities	23,330	2,347	10,180
Total	51,530	25,547	46,400