Balance sheets and income statements

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Kedzie Kord Company had the following balance sheets and income statements over the last three years (in thousands):20X1 20X2 20X3 Cash $ 561 $ 387 $ 202 Receivables 1,963 2,870 4,051 Inventories 2,031 2,613 3,287 Current assets $ 4,555 $ 5,870 $ 7,540 Net ?xed assets 2,581 4,430 4,364 Total assets $ 7,136 $10,300 $11,904 Payables $ 1,862 $ 2,944 $ 3,613 Accruals 301 516 587 Bank loan 250 900 1,050 Current liabilities $ 2,413 $ 4,360 $ 5,250 Long-term debt 500 1,000 950 Shareholder's equity 4,223 4,940 5,704 Total liabilities and shareholder's equity $ 7,136 $10,300 $11,904 Sales $11,863 $14,952 $16,349 Cost of goods sold 8,537 11,124 12,016 Selling, general, and administrative expenses 2,276 2,471 2,793 Interest 73 188 200 Pro?t before taxes $ 977 $ 1,169 $ 1,340 Taxes 390 452 576 Pro?t after taxes $ 587 $ 717 $ 764Using common-size and index analysis, evaluate trends in the company's ?nancial condition and performance.

Reference no: EM131036098

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