PART I- FMT Company had the following balance sheets and income statements accounts over the lastthree years (in thousands).201820192020Receivables4,0513,6131,9632,8702,944PayablesLong-term debtSales1,8625001,00014,95295011,86316,349Inventories2,0312,6133,287Bank loan2509001,050587Accruals301516Cash561387202Net fixed assets2,5814,4304,364Selling, general, and administrative expenses2,2762,4712,793Shareholder's equity4,2234,9405,704Interest73188200Cost of goods sold8,53711,12412,016Таxes390452576Total assetsCurrent assets???Current liabilities?Total liabilities and shareholder's equity?Gross Profit??Profit before taxes?Net Income???Requirements:3. Evaluate trends in the company's financial condition and performance and present yourinterpretation.

Financial statements are the set of records of the financial transactions and position of a business…

Answered: 3. Evaluate trends in the company's…

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Accounting

3. Evaluate trends in the company's financial condition and performance and present your interpretation.

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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Question

PART I- FMT Company had the following balance sheets and income statements accounts over the last
three years (in thousands).
2018
2019
2020
Receivables
4,051
3,613
1,963
2,870
2,944
Payables
Long-term debt
Sales
1,862
500
1,000
14,952
950
11,863
16,349
Inventories
2,031
2,613
3,287
Bank loan
250
900
1,050
587
Accruals
301
516
Cash
561
387
202
Net fixed assets
2,581
4,430
4,364
Selling, general, and administrative expenses
2,276
2,471
2,793
Shareholder's equity
4,223
4,940
5,704
Interest
73
188
200
Cost of goods sold
8,537
11,124
12,016
Таxes
390
452
576
Total assets
Current assets
?
?
?
Current liabilities
?
Total liabilities and shareholder's equity
?
Gross Profit
?
?
Profit before taxes
?
Net Income
?
?
?
Requirements:
3. Evaluate trends in the company's financial condition and performance and present your
interpretation.

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