Question: 3 C. (20 Marks) a) What is cash Flow Statement and what are the three activities where Sources and Uses are of cash are seen

3 C. (20 Marks) a) What is cash Flow Statement and

3 C. (20 Marks) a) What is cash Flow Statement and what are the three activities where Sources and Uses are of cash are seen in a company? (8 Marks) b)X & Co had sales of $10,000 in 1997. The cost of goods sold was $6,500, general and administration expenses were $1,000, interest expenses were $500, and depreciation was 5% on the asset value of $20,000. The firm's tax rate is 35%. (12 Marks) 1. What is EBIT? 2. What is Net Income? 3. What is Cash flow from Operation

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