Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Chapter 7, Problem 14P
Summary Introduction

To determine: The company J’s forecasted ratios and compare with industry.

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The Jimenez Corporation’s forecasted 2020 financial statements follow, along with some industry average ratios. Calculate Jimenez’s 2020 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez’s projected strengths and weaknesses.Jimenez Corporation: Forecasted Balance Sheet as of December 31, 2020 Assets   Cash 72,000 Accounts receivable 439,000 Inventories 894,000      Total current assets 1,405,000 Fixed assets 431,000 Total assets 1,836,000 Liabilities and Equity   Accounts payable 332000 Notes payable 100,000 Accruals 170,000      Total current liabilities 602,000 Long-term debt 404,290 Common stock 575,000 Retained earnings 254,710 Total liabilities and equity 1,836,000 Jimenez Corporation: Forecasted Income Statement for 2020 Sales 4,290,000 Cost of goods sold 3,580,000 Selling, general, and admin expenses 525,456      Earnings before taxes (EBT) 184,544 Interest expense 40,000      Earnings…
Below is the overal Performance of Warmart for 2020. make an overall analysis on how it performed describing the ratios used and their interpretations. put in suggestions on how the performance could be improved. You should create a reason for undertaking the analysis, for example assessing an investment opportunity, acquisition or are you a potential customer.
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