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1. (50 points) You have been hired as the financial analyst for Cookie Monster Bakery. To prove your quality as an analyst, they have asked
1. (50 points) You have been hired as the financial analyst for Cookie Monster Bakery. To prove your quality as an analyst, they have asked you to draw the balance sheet, the income statement for the company's last two years of operation. They have also asked you to calculate the cash flows from assets, cash flow to creditors, and cash flow to owners for 2021. The following table sumarizes the information you have been given on the company's financials for the years 2020 and 2021. Take into account that the tax rate for those years was 34%. 2020 2021 Cost of goods sold 2,487 2,942 Other expenses 591 515 Interest 485 579 Cash 3,792 4,041 Accounts receivable 5,021 5,892 Notes payable 732 717 Long-term debt 12,700 15,435 Net fixed assets 31,805 33, 921 Depreciation 1,038 1,085 Accounts payable 3,984 4,025 Sales 7,233 8,085 Inventory 8,927 9,555 Dividends 882 1,011 2. (20 points) What can you say about the company's cash flows for 2021? Write a brief discussion and give your recommendations for the company
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