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1. (30 points) The accounts related to the Balance Sheets as well as Income Statements for Company Y are given below (as of Dec 31st

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1. (30 points) The accounts related to the Balance Sheets as well as Income Statements for Company Y are given below (as of Dec 31st 2015 and Dec 31st 2016). Company Y does not distribute any dividends and had no depreciation in 2015 and 2016 2015 1,000 Accounts in $ Sales Common Stock Cost of Goods Sold Accummulated Retained Earnings Interest Long Term Debt Taxes Notes Payable Net Fixed Assets Accounts Payable Inventory Accounts Receivable Cash 2016 1,250 875 362 112 160 1600 28 100 1,800 300 600 440 160 62.5 625 62.5 1,500 2,250 375 750 550 200 a) (10 points) Produce Company Y's Income Statements and Balance Sheets for 2015 and 2016 b) (4 points) Calculate the Cash Flow from Assets for 2016 c) (4 points) Calculate the Cash to Creditors and Stock Holders for 2016 d) (4 points) Does it take more or less time for Company Y to sell its inventory in 2016 compared to 2015? e) (4 points) Did the Debt/Equity ratio go up or down from 2015 to 2016? f) (4 points) How did the Net Working Capital change from 2015 to 2016? Would you interpret this change as a positive or negative move with respect to the financial health of the company

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