Question: QUESTION 1 Based on the following information for York Developments Inc., answer the questions below. The tax rate is 40%. 2020 2021 '000s '0005 Sales

QUESTION 1 Based on the following information for York Developments Inc., answer the questions below. The tax rate is 40%. 2020 2021 '000s '0005 Sales 4,203 4,507 COGS 2,422 2,633 Depreciation 785 952 Interest expense 180 196 Dividends 225 250 Current Assets 2,205 2,429 Net Fixed Assets 7,344 7,650 Current Liabilities 1,003 1,255 Long Term debt 3,106 2,085 a) What is the Owner's Equity for 2021? (2 mark) b) What was the increase or decrease in net working capital between 2020 and 2021? (2 marks) c) Calculate Net Income for 2021. (2 marks) (1) Calculate the operating cash ow for 2021. (3 marks) e) What is the capital asset spending for 2021? (2 marks) f) What is the combined cash ow from assets for 2021

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