Source $-$ Chapter $14(4*5=20$ Marks$)$

Access the financial statements and accompanying notes of Brookfield Asset

Management Inc. for the year ended December $31,2020,$ through SEDAR

$($

www$.$sedar.com$)$ or on the company's website and then answer the following

questions.

Instructions

a$.$ Using ratio analysis, prepare an assessment of Brookfield Asset Management Inc.$\text{'}$s

solvency and financial flexibility for the fiscal years ended December $31,2020,$ and

December $31,2019.$

b$.$ What types of interest$-$bearing debt have Brookfield, and its subsidiaries issued?

Provide a summary of the extent to which the total interest$-$bearing debt reported is due

within the following $12$ months, $2$ to $5$ years, $6$ to $10$ years, and more than $10$ years from

the reporting date of December $31,2020.$ Is any of this debt secured? Explain briefly.

c$.$ Provide a summary of the currency in which the interest$-$bearing debt is repayable.

How are these amounts reported on Brookfield's balance sheet?

d$.$ Briefly explain why the subsidiary borrowings are included in Brookfield's liabilities.