You have been hired by XYZ as a senior financial analyst. Your job is to analyze the financial statements of the company and come up with some recommendations. Presented below are the financial statements of XYZ Corporation for fiscal years 1999 and 1998. XYZ Corpoation Consolidated Balance Sheet Amounts in 000s 31-Dec-99 31-Dec-98 Assets Current Assets Cash and Equivalents $79,861.00 $63,208.00 Accounts Receivables $732,502.00 705,734 Inventories $964,040.00 954,007 Deferred Income Taxes $74,067.00 99,608 Other Current Assets $26,948.00 25,595 Total Current Assets $1,877,416.00 $1,848,152.00 Property, Plant and Equipment $804,422.00 776,091 Intangible Assets $992,463.00 951,561 Other Assets $352,213.00 260,861 Total Assets $4,026,514.00 $3,836,666.00 Liabilities and Shareholders' Equity Current Liabilities Short-term Borrowings $408,932.00 $244,910.00 Current portion of long-term debt $4,751.00 969 Accounts Payable $332,666.00 341,126 Accrued Liabilities $367,124.00 446,001 Total Current Liabilities $1,113,473.00 $1,033,006.00 Long-term Debt $517,834.00 521,657 Other Liabilities $194,113.00 $181,751.00 Preferred Stock $51,541.00 $54,344.00 Deferred Contributions to Employee Stock Ownership Plan $(14,268.00) $(20,399.00) Common Shareholders' Equity Common Stock, stated value $1; shares authorized 300,000,000; shares outstanding, 116,204,655 in 1999 and 119,466,101 in 1998 $116.21 Additional paid-in capital $831,054.00 $801,511.00 Accumulated other comprehensive income $(64,756.00) $(25,639.00) Retained Earnings $1,281,315.00 $1,170,970.00 Total Common Shareholders' Equity $2,163,818.00 $2,066,308.00 Total Liabilities and Stockholders' Equity $4,026,514.00 $3,836,666.00 Consolidated Statements of Income Amount in 000s $36,525.00 $36,160.00 Net Sales $5,551,616.00 $5,478,807.00 Costs and Operating Expenses Cost of goods sold $3,657,120.00 $3,586,686.00 Marketing, Administrative, and General Expenses $1,230,009.00 1,198,854 $1,198,854.00 Other Operating Expenses, net $11,855.00 $9,098.00 $4,898,984.00 $4,794,638.00 Operating Income(EBIT) $652,632.00 $684,169.00 Other Income (Expense) Interest Income 8,936 6,411 Interest Expense -71,426 -62,282 Miscellaneous, net 5,434 3,300 -57,056 -52,571 Income Before Income Taxes $595,576.00 $6,321.00 $631,598.00 Income Taxes 229,334 243,292 Net Income $366,242.00 $388,306.00 Mr. A. Jallow, this is the topic of discussion. Can you get some recommendations for your new company. Comrade, Muhammad Lamine Jassey-Conteh ---------------------------------------------------------------------------- To unsubscribe/subscribe or view archives of postings, go to the Gambia-L Web interface at: http://maelstrom.stjohns.edu/archives/gambia-l.html ----------------------------------------------------------------------------