Net sales Variable Costs Contribution Margin Fixed Costs Operating Income (EBIT) Interest expense Earnings before taxes (EBT) Income tax expense Earnings after taxes (EAT) Manutech Ltd Income Statement Year Ended December 31 2019 $1,470,000 882,000 $ 588,000 177,000 $ 411,000 56,200 $ 354,800 106.440 $ 248,360 2018 $1,200,000 720.000 $ 480,000 114,000 $ 366,000 53,600 $ 312,400 93,720 $ 218,680 2018 Manutech Ltd Statement of Financial Position Year Ended December 31 2019 Assets Current Assets Cash $ 8,360 Accounts Receivable 150.000 Merchandise inventory 112.000 Total Current Assets $ 270.360 Property, plant and Equipment 1,555.000 Accumulated Depreciation 1455 000 Property. Plant and Equiment (net) $ 1.100.000 Intangible Assets 120.000 $1490 260 $ 79,500 105,000 90,000 $ 274,500 1.255.000 290.000 $ 965.000 120.000 $1359 500 Tal Aecate Intangible Assets Total Assets 120,000 $1.490,360 120,000 $1,359,500 72,500 20,000 Liabilities & Shareholder's Equity Current Liabilities Accounts Payable Accrued Liabilities Bank Loan Total Current Liabilities Mortage Payable Total Liaibilities Shareholder's Equity Common Shares (10,000 issued) Retained Earnings Total Shareholder's Equity Total Llab & Shareholder's Equity $ 65,000 15,000 85,000 $ 165,000 650,000 $ 815.000 $ 92,500 670,000 $ 762,500 100,000 575,360 $ 675,360 $ 1.490,360 100,000 497,000 $ 597,000 $ 1,359,500 Manutech Ltd had a good year in 2019. Sales were up significantly and are expected continue to grow in 2020. The company has hired you as their new financial analyst and they want you to finish creating the year-end reporting packe for the owner Specifically, you need to complete the table of ratios your predecessor started and comment on how the company is doing compared to Industry averages. You also need to create the Statement of Cash Flows for 2019, Finally, they're a little concerned about the impact their high rate of growth is having on the financial stability of the company. They ask you to compare company results to Industry results using the three components of DuPont analys Q2. Statement of Cash Flows (20 marks) Create the Statement of Cash Flows using the template below. (Click on the reference remote download below. Use this file to complete the cash flow statement Save the file as your name and upload the file using the upload a solution link below) To help you complete the statement, please note the following: . Of the foxed costs for 2019. depreciation (the only non-cash ftem in fed cost amounts to $165,000 The Property. Plent and Equipment account reflects the purchase of a new piece of manufacturing machinery. Durchased at a cost of $300.000 There were no other purchases or sales of Property. Plant and Equipment . Although Bank Loon shows up in the current abilities section. It should not be considered a current abrity for Statement of Cash Flow purposes. It is a method of financing the balance sheet Q3. DuPont Analysis (5 marks) Using the three components of the DuPont method, compare the 2019 results of Manutech Ltd to the industry averages for 2019 Discuss the source of any competitive advantage Manutech has, compared their industry competitors B TVS gare