(a) Gien the following income Scotement and Ealance Sheet for Company X caiculote the financial ratios for 2020 and fill in the blaris in the table provided. (IS marks) (b) Provide one strength and one weakness for this company. (2 marks) Assets Cash and equivalents Accounts receivable 2020 $20 350 Inventories 500 Total current assets 870 Net plant and equipment 1130 Total assets Liabilities and Equity Accounts payable Notes payable 90 Accruals 110 Total current liabilities 300 Long-term bonds 800 Total liabilities Preferred stock (200,000 shares) Common stock (50,000,000 shares) 150 Retained earnings 710 Total common equity 860 Total equity 900 Total liabilities and equity $2000.

1. (a) Gien the following income Scotement and Ealance Sheet for Company X caiculote the
financial ratios for 2020 and fill in the blaris in the table provided. (IS marks) (b) Provide one
strength and one weakness for this company. (2 marks)
Assets Cash and equivalents Accounts receivable 2020 $20 350 Inventories 500 Total current
assets 870 Net plant and equipment 1130 Total assets Liabilities and Equity Accounts payable
Notes payable 90 Accruals 110 Total current liabilities 300 Long-term bonds 800 Total liabilities
Preferred stock (200,000 shares) Common stock (50,000,000 shares) 150 Retained earnings 710
Total common equity 860 Total equity 900 Total liabilities and equity $2000