4. Kedzie Kord Company had the following balance sheets and income statements over thelast three years (in thousands):CashReceivablesInventoriesCurrent assetsNet fixed assetsTotal assetsPayablesAccrualsBank loanCurrent liabilitiesLong-term debtShareholder's equityTotal liabilities andshareholder's equitySalesCost of goods soldSelling, general, andadministrative expensesInterestProfit before taxesTaxesProfit after taxes20X1$ 5611,9632,031$ 4,5552,581$ 7,136$ 1,862301250$ 2,4135004,223$ 7,136$11,8638,5372,27673$ 977390$ 58720X2$ 3872,8702,613$ 5,8704,430$10,300$ 2,944516900$ 4,3601,0004,940$10,300$14,95211,1242,471188$ 1,169452$ 71720X3$ 2024,0513,287$ 7,5404,364$11,904$ 3,6135871,0505,2509505,704$11,904$16,34912,0162,793200$ 1,340576$ 764Using common-size and index analysis, evaluate trends in the company's financial condi-tion and performance.

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Description: 4. Kedzie Kord Company had the following balance sheets and income statements over thelast three years (in thousands):CashReceivablesInventoriesCurrent assetsNet fixed assetsTotal assetsPayablesAccrualsBank loanCurrent liabilitiesLong-term debtShare

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4. Kedzie Kord Company had the following balance sheets and income statements over the last three years (in thousands):

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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