Solution-Provide analysis on apixs assets liabilities cash

Provide analysis on apixs assets liabilities cash and profit

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Reference no: EM131065325

Using all following three Financial Statements provide an analysis on Apix's assets, liabilities, cash, and profit. As well, choose 2 additional components on each of the sheets, and provide your initial impression on the company financial situation.

Apex Printing Balance Sheets As of December 31, 2013 and 2012
	000$	000$
Assets	2013	2012
Cash	6,000	5,700
Accounts Receivable	2,350	2,300
Inventory	12,100	6,500
Total Current Assets	20,450	14,500
Land	25,000	20,000
Building & Equipment	300,000	300,000
Less: Accumulated Depreciation - Building & Equipment	(187,850)	(160,000)
Total Long Term Assets	137,150	160,000
Total Assets	157,600	174,500
Liabilities and Stockholders' Equity
Accounts Payable	4,600	3,500
Salaries Payable	0	2,100
Interest Payable	1,500	0
Short Term Notes Payable	12,000	0
Taxes Payable	0	5,600
Total Current Liabilities	18,100	11,200
Mortgate Payable	54,950	100,000
Total Long Term Liabilities	54,950	100,000
Common Stock	60,000	60,000
Retained Earnings	24,550	3,300
Total Stockholders' Equity	84,550	63,300
Total Liabilities and Stockholders' Equity	157,600	174,500

Apex Printing Income Statements For the Periods Ended December 31, 2013 and 2012
	000$	000$
	2013	2012
Revenue:	450,000	475,000
Less: Cost of Goods Sold	(324,300)	(374,500)
Less: Depreciation Expense	(27,850)	(26,000)
Gross Margin	97,850	74,500
Selling, General & Administrative Expenses	(29,100)	(32,000)
Income Before Interest & Taxes	68,750	42,500
Interest Expense	(7,500)	(6,000)
Income Before Taxes	61,250	36,500
Income Taxes	(35,000)	(30,000)
Net Income	26,250	6,500

Apex Printing
Statement of Cash Flows
For the Period Ended December 31, 2013
	000$
Cash Flows from Operating Activities:
Net Income	26,250
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation Expense	27,850
Increase in accounts receivable	(50)
Increase in inventory	(5,600)
Decrease in salaries payable	(2,100)
Increase in interest payable	1,500
Decrease in taxes payable	(5,600)
Increase in Short Term notes Payable	12,000
Increase in accounts payable	1,100
Net Cash Flow from Operating Activities	55,350
Cash Flows from Investing Activities:
Cash paid to purchase land	(5,000)
Net Cash Flow from Investing Activities	(5,000)
Cash Flows From Financing Activities:
Cash paid for mortgage	(45,050)
Cash paid for dividends	(5,000)
Net Cash Flow from Financing Activities	(50,050)
Net Increase in Cash	300
Plus: Cash Balance at December 31, 2012	5,700
Cash Balance at December 31, 2013	6,000

Reference no: EM131065325

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Provide analysis on apixs assets liabilities cash and profit

Reference no: EM131065325

Reference no: EM131065325

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