Question: Section 2 - (26 Marks) Show Your Work 1. (17 Marks) Using the following account information for VicBra Inc. find the values in the table

Section 2 - (26 Marks) Show Your Work

1. (17 Marks) Using the following account information for VicBra Inc. find the values in the table below for 2020.

VicBra Inc.

2019 2020

Net Fixed Assets

63000

59850

Long-Term Debt

35000

32390

Sales

30450

34258

Retained Earnings

24100

26700

COGS

21300

24150

Current Assets

14200

27590

Common Stock

10500

12250

Accounts Payable

5500

7500

Depreciation Expense

3150

3150

Notes Payable

2625

9390

Interest Expense

1750

1750

Dividends Paid

525

790

Tax Rate

40%

40%

Operating Cash Flow?

Net Capital Spending?

Change in Networking Capital?

Cash Flow from Assets?

Cash from Creditors?

Cash Flow from Shareholders?

Cash Flow from Assets?

2. (9 Marks)

  1. In class I talked about hidden cash flows? What was I referring to? How are these relevant to our decision-

    making process?

  2. What is the most common reason a business fails?

  3. What is the importance of CFFA? Why do we calculate it?

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