Following are two years of income statements and balance sheets for the Munich Exports Corporation. 

A. Calculate the cash build, cash burn, and net cash burn or build for Munich Exports in 2019.

B. Assume that 2020 will be a repeat of 2019. If your answer in Part A resulted in a net cash burn position, calculate the net cash burn monthly rate and indicate the number of months remaining “until out of cash.” If your answer in Part A resulted in a net cash build position, calculate the net cash build monthly rate and indicate the expected cash balance at the end of 2020.

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MUNICH EXPORTS CORPORATION 2018 $ 50,000 200,000 450,000 700,000 300,000 $1,000,000 $ 130,000 50,000 90,000 270,000 400,000 50,000 200,000 80,000 $1,000,000 BALANCE SHEET Cash Accounts receivable Inventories Total current assets Fixed assets, net Total assets Accounts payable Accruals Bank loan Total current liabilities Long-term debt Common stock ($0.05 par) Additional paid-in-capital Retained earnings Total liabilities and equity 2019 $ 50,000 300,000 570,000 920,000 380,000 $1,300,000 $ 180,000 70,000 90,000 340,000 550,000 50,000 200,000 160,000 $1,300,000