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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 400Financial Performance Analysis and Industry Benchmarking of WestwardCorporationACC 400 FINAL EXAMThe condensed financial statements of Westward Corporation for 2009 and 2008 are presented below.Westward Corporation Westward CorporationBalance Sheet Income StatementDecember 31, 2009 For the Year Ended December 31, 2009Assets Revenues$2,000,000Current assets ExpensesCash and temporary Cost of goods sold1,080,000investments$ 30,000Selling and administrativeAccounts receivable70,000Expenses495,000Inventories120,000Interest expense30,000Total current assets220,000Total expenses1,605,000Property, plant, and Incomebefore income taxes395,000equipment (net)780,000Income tax expense140,000Total assets$1,000,000Net income$ 255,000Liabilities and Stockholders' EquityCurrent liabilities$ 80,000Long-term liabilities300,000Common stockholders' equity620,000Total liabilities and stockholders' equity$1,000,000Westward Corporation Westward CorporationBalance Sheet Income StatementDecember 31, 2008 For the Year Ended December 31, 2008Assets Revenues$2,500,000Current assets ExpensesCash and temporary Cost of goods sold1,750,000investments$ 40,000Selling and administrativeAccounts receivable90,000

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Document Details

University
Stony Brook University
Course
ACC 400
Subject
Accounting

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