1) Find the change in working capital. Give your answer to the nearest euro and in case the value has decreased, use a minus sign.

2) How much has the company paid in dividends? Give your answer to the nearest euro.

3) Calculate the EBT (earnings before taxes).

4) Calculate the EBITDA (earnings before interests, taxes, depreciations and amortizations).

5) Calculate the cash flow from operating activities. Give your answer to the nearest euro and remember to use a minus sign if applicable.

6) Calculate the cash flow from investment activities. Give your answer in euros and remember to use a minus sign if applicable.

7) Calculate the cash flow from financing activities. Give your answer to the nearest euro and remember to use a minus sign if applicable.

8) Calculate the change in cash and equivalents. Give your answer to the nearest euro and remember to use a minus sign if applicable to show whether the total cash and equivalents has increased or decreased.

ASSETS 1.1. 31.12 Non-current assets 3800000 3496000 Inventories 1520000 2584000 Accounts receivable 0 1520000 Cash and equivalents 1302000 826560 1.1. 31.12. EQUITY Shareholder's capital 2793000 2793000 Retained earnings 48000 24000 Profit for the financial year 0 2603000 1.1. 31.12. DEBT Loans 3325000 2660000 Accounts payable 456000 346560 The balance sheet of a company at the beginning and end of the financial year is given above. All values are given in euros. The following is given in addition: No new loans have been taken. The company has paid 5% in interests for the loan at the beginning of the year. The company has made planned depreciations 760000 . and the income tax is 20 %