Question: Compute the missing values for the chart below and analyze the financial performance position of this company. The first year of operations is 1993. (Balance

Compute the missing values for the chart below and analyze the financial performance position of this company. The first year of operations is 1993. (Balance sheet and income statement 1 996 1995 1 994 1 993 relationships acrossfive years) Assets: Cash $500 $200 $300 $300 Accounts receivable 700 9 • 300 200 Inventory 400 400 9 • 500 Land 400 400 200 100 Property, plant, and equipment (net) 800 700 600 700 and 70 Part 1 An Overview of Financial Accounting 1996 1995 1994 1993 Liabilities and stockholders’ equity: Accounts payable 9 • 500 300 200 Bonds payable 700 800 600 500 Contributed capital 600 600 400 9 • Retained earnings 600 300 800 400 Sales 9 • 700 1,100 1,000 Expenses (600) 9 • 9 • (400) Net income 9 • (100) 400 9 • Dividends 200 9 • 9 • 9 •

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