nt #$3-$Excel Activity$-$ Financial Statements, Cash Flow, and Taxes

Excel Activity: Financial Statements, Cash Flow, and Taxes

Laiho Industries's $2020$ and $2021$ balance sheets $($in thousands of dollars$)$ are shown.

Laiho Industries: Balance Sheets as of December $31($thousands of dollars$)$

The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below.

Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $$1$ thousand should be entered as $1,$ not $1,000.$

Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any.