Kedzie Kord Company had the following balance sheets and income statements over the last three years...
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Kedzie Kord Company had the following balance sheets and income statements over the last three years (in thousands): Cash Receivables Inventories Current assets. Net fixed assets Total assets Payables Accruals Bank loan Current liabilities Long-term debt Shareholder's equity Total liabilities and shareholder's equity Sales Cost of goods sold Selling, general, and administrative expenses Interest Profit before taxes Taxes Profit after taxes 20X1 $ 561 1,963 2,031 $4,555 2,581 $7,136 $ 1,862 301 250 $ 2,413 500 4,223 $7,136 $11,863 8,537 2,276 73 $ 977 390 587 20X2 $ 387 2,870 2,613 $ 5,870 4,430 $10,300 $ 2,944 516 900 $ 4,360 1,000 4,940 $10,300 $14,952 11,124 2,471 188 $ 1,169 452 717 20X3 $ 202 4,051 3,287 $ 7,540 4,364 $11,904 $ 3,613 587 1,050 $ 5,250 950 5,704 $11.904 $16,349 12,016 2,793 200 $ 1,340 576 $ 764 Using common-size and index analysis, evaluate trends in the company's financial condi- tion and performance. Kedzie Kord Company had the following balance sheets and income statements over the last three years (in thousands): Cash Receivables Inventories Current assets. Net fixed assets Total assets Payables Accruals Bank loan Current liabilities Long-term debt Shareholder's equity Total liabilities and shareholder's equity Sales Cost of goods sold Selling, general, and administrative expenses Interest Profit before taxes Taxes Profit after taxes 20X1 $ 561 1,963 2,031 $4,555 2,581 $7,136 $ 1,862 301 250 $ 2,413 500 4,223 $7,136 $11,863 8,537 2,276 73 $ 977 390 587 20X2 $ 387 2,870 2,613 $ 5,870 4,430 $10,300 $ 2,944 516 900 $ 4,360 1,000 4,940 $10,300 $14,952 11,124 2,471 188 $ 1,169 452 717 20X3 $ 202 4,051 3,287 $ 7,540 4,364 $11,904 $ 3,613 587 1,050 $ 5,250 950 5,704 $11.904 $16,349 12,016 2,793 200 $ 1,340 576 $ 764 Using common-size and index analysis, evaluate trends in the company's financial condi- tion and performance.
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Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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