ACC 400 Financial Performance Analysis and Industry Benchmarking of Westward Corporation

This paper evaluates the financial performance of Westward Corporation through industry benchmarking.

Ethan Brown
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ACC 400 Financial Performance Analysis and Industry Benchmarking of Westward
Corporation
ACC 400 FINAL EXAM
The condensed financial statements of Westward Corporation for 2009 and 2008 are presented below.
Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2009 For the Year Ended December 31, 2009
Assets Revenues $2,000,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,080,000
investments $ 30,000
Selling and administrative
Accounts receivable 70,000
Expenses 495,000
Inventories 120,000
Interest expense 30,000
Total current assets 220,000
Total expenses 1,605,000
Property, plant, and Income
before income taxes 395,000
equipment (net) 780,000
Income tax expense 140,000
Total assets $1,000,000
Net income $ 255,000
Liabilities and Stockholders' Equity
Current liabilities $ 80,000
Long-term liabilities 300,000
Common stockholders' equity 620,000
Total liabilities and stockholders' equity $1,000,000
Westward Corporation Westward Corporation
Balance Sheet Income Statement
December 31, 2008 For the Year Ended December 31, 2008
Assets Revenues $2,500,000
Current assets Expenses
Cash and temporary Cost of goods sold 1,750,000
investments $ 40,000
Selling and administrative
Accounts receivable 90,000
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Document Details

University
Stony Brook University
Subject
Accounting

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