Please give a detailed analysis of the financial statements given below for Joshua & White Technologies. Your analysis should include answers to the questions as follows (not limited to these questions):   Has the company’s liquidity position improved or worsened?    Has the company’s ability to manage its assets improved or worsened?    How has the company’s profitability changed during the last year?        Joshua & White Technologies: December 31 Balance Sheets (Thousands of Dollars)                 Assets     2019 2018 Cash and cash equivalents $21,000 $20,000 Short-term investments   3,759 3,240 Accounts Receivable   52,500 48,000 Inventories     84,000 56,000   Total current assets   $161,259 $127,240   Net fixed assets   223,097 200,000 Total assets     $384,356 $327,240           Liabilities and equity       Accounts payable   $33,600 $32,000 Accruals     12,600 12,000 Notes payable   19,929 6,480   Total current liabilities   $66,129 $50,480 Long-term debt   67,662 58,320   Total liabilities   $133,791 $108,800 Common stock   178,440 178,440 Retained Earnings   72,125 40,000   Total common equity   $250,565 $218,440 Total liabilities and equity   $384,356 $327,240           Joshua & White Technologies December 31 Income Statements (Thousands of Dollars)             2019 2018 Sales     $420,000 $400,000 COGS except excluding depr. and amort. 300,000 298,000 Depreciation and Amortization 19,660 18,000 Other operating expenses 27,600 22,000   EBIT     $72,740 $62,000 Interest Expense   5,740 4,460   EBT     $67,000 $57,540 Taxes (25%)   16,750 14,385   Net Income   $50,250 $43,155           Common dividends   $18,125 $17,262 Addition to retained earnings $32,125 $25,893           Other Data     2019 2018 Year-end Stock Price   $90.00 $96.00 # of shares (Thousands)   4,052 4,000 Lease payment (Thousands of Dollars) $20,000 $20,000 Sinking fund payment (Thousands of Dollars) $5,000 $5,000

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Please give a detailed analysis of the financial statements given below for Joshua & White Technologies. Your analysis should include answers to the questions as follows (not limited to these questions):  

  • Has the company’s liquidity position improved or worsened? 

 

  • Has the company’s ability to manage its assets improved or worsened? 

 

  • How has the company’s profitability changed during the last year? 

 

 

 

Joshua & White Technologies: December 31 Balance Sheets

(Thousands of Dollars)

     
         

Assets

   

2019

2018

Cash and cash equivalents

$21,000

$20,000

Short-term investments

 

3,759

3,240

Accounts Receivable

 

52,500

48,000

Inventories

   

84,000

56,000

  Total current assets

 

$161,259

$127,240

  Net fixed assets

 

223,097

200,000

Total assets

   

$384,356

$327,240

         

Liabilities and equity

     

Accounts payable

 

$33,600

$32,000

Accruals

   

12,600

12,000

Notes payable

 

19,929

6,480

  Total current liabilities

 

$66,129

$50,480

Long-term debt

 

67,662

58,320

  Total liabilities

 

$133,791

$108,800

Common stock

 

178,440

178,440

Retained Earnings

 

72,125

40,000

  Total common equity

 

$250,565

$218,440

Total liabilities and equity

 

$384,356

$327,240

         

Joshua & White Technologies December 31 Income Statements

(Thousands of Dollars)

     
     

2019

2018

Sales

   

$420,000

$400,000

COGS except excluding depr. and amort.

300,000

298,000

Depreciation and Amortization

19,660

18,000

Other operating expenses

27,600

22,000

  EBIT

   

$72,740

$62,000

Interest Expense

 

5,740

4,460

  EBT

   

$67,000

$57,540

Taxes (25%)

 

16,750

14,385

  Net Income

 

$50,250

$43,155

         

Common dividends

 

$18,125

$17,262

Addition to retained earnings

$32,125

$25,893

         

Other Data

   

2019

2018

Year-end Stock Price

 

$90.00

$96.00

# of shares (Thousands)

 

4,052

4,000

Lease payment (Thousands of Dollars)

$20,000

$20,000

Sinking fund payment (Thousands of Dollars)

$5,000

$5,000

 

 

 

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