The Forrester Company's income statement and comparative balance sheets as of December 31 of 2019 and 2018 are shown below:

Cash dividends of \(\$ 31,000\) were declared and paid during 2019. Plant assets were purchased for cash and additional common stock was issued for cash. Accounts payable relate to merchandise purchases.

Required

a. Calculate the change in cash that occurred during 2019.

b. Prepare a statement of cash flows using the indirect method.

c. Compute free cash flow.

d. Compute the operating-cash-flow-to-current-liabilities ratio.

e. Compute the operating-cash-flows-to-capital-expenditures ratio.

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Sales revenue. Cost of goods sold. Wages expense Depreciation expense. Rent expense. Income tax expense. Net income.... FORRESTER COMPANY Income Statement For the Year Ended December 31, 2019 $660,000 $376,000 107,000 22,000 28,000 24,000 557,000 $103,000