INSTRUCTIONS: Read the case below and answer all 5 questions. You will need to prepare income statements, balance sheets and operating cash flow statements for 2020 BEFORE you answer the questions.

BRYON COMPUTERS

Byron Computers ("Byron") is a small family owned entrepreneurial computer company that was started in January 2020. The company manufacturers and sells keyboards for major hardware computer companies like Apple, Dell and HP.

Byron is in the process of organizing its financial records for 2020. Recently, the company hired Mary Landrum as a financial analyst to assist the company in preparing its 2020 financial statements. After compiling the relevant bank statements, sales receipts, tax records and purchase orders, Mary assembled the following account information. All amounts are in $.

Cost of goods sold - $4,456

Cash - 452

Depreciation - 248

Interest expense - 62

Marketing expense - 848

Accounts payable - 519

Net fixed assets - 3,601

Sales (all cash) - 7,557

Accounts receivable - 716

Short term notes payable - 247

Long term debt - 1,509

Inventory - 733

Owners equity - 3,227

Federal income tax expense - 776

Question

1. How much are Total Assets?

2. How much is EBIT?

3. Operating Cash Flow is?

4. Net Working Capital is?

5. Net Capital Spending is?