PROBLEM 1: (24 marks)

Provided below the Statement of Comprehensive income Statement of Financial position for Rest & Restore Inc. for fiscal year ending 2020 and 2019. Based on the information provided in the statements, answer the questions that follow.

Rest & Restore, Inc.

2020 Statement of Comprehensive Income

Net sales $8,769

Cost of goods sold $6,128

Depreciation $1,364

Earnings before interest and taxes $1,277

Interest paid $730

Taxable income $547

Taxes $186

Net income $361

Dividends paid $?

Addition to retained earnings $?

Rest & Restore, Inc.

Statement of Financial position December 31, 2019 and 2020

2019 2020 2019 2020

Cash $1,423 $965 Accounts payable $1,007 $2,251

Accounts rec. $2,196 $2,894 Notes payable $2,100 $1,850

Inventory $1,543 $1,650 Total $3,107 $4,101

Total $5,162 $5,509 Long-term debt $8,670 $7,280

Net fixed assets $21,300 $22,758 Common stock $7,200 $9,200

Retained earnings $7,485 $7,686

Total assets $26,462 $28,267 Total liabilities $26,462 $28,267

and Owner's equity

Number of shares of common stock outstanding 100

1. What is the amount of the dividends paid per share? (4pts)
2. What is the amount of the earnings per share? (2pts)
3. What is the amount of non-cash items for 2020? (1pts)
4. What is the net working capital for 2020? (2pts)
5. What is the average tax rate for 2020? (2pts)
6. What is the operating cash flow for the year 2020? (3pts)
7. What is the cash flow from assets (CFFA) for 2020? (4pts)
8. What is the cash flow to creditors for 2020? (2pts)
9. What is the cash flow to stockholders for 2020? (2pts)
10. Does the Cash Flow Identity hold? Provide proof. (2pts)