1.- In 2016, Sigma Alimentos deferred the payment of a US $ 60mn tax. Tax authorities They determined that the payment must be made this 2021 in the month of April.

i) Write Dupont's extended formula for calculating the SWR.

ii) What impact did the tax deferral have on Sigma's ROE in 2016?

iii) Sigma had created a provision for P $ 1.2bn to pay the tax. Due to the exchange rate depreciation, Sigma decided to increase the provision to reflect exchange rates current. Assuming an exchange rate of P $ 24 / USD, it records in accounting entries the increase in provision.

iv) On April 10, Sigma paid the corresponding taxes. Assuming an exchange rate of P $ 25 / USD, records the payment of the tax in accounting entries.

v) What is the impact on the cash flow related to the payment of the tax? vi) As of April 9, Sigma had registered in the cash and equivalents account P $ 4.5bn, inventories for P $ 2.1bn, customers for P $ 1bn, suppliers for P $ 1.5bn, short-term CXP for P $ 280mn and a provision for taxes payable of P $ 1,400. Assuming there were no additional movements to that of the payment of taxes, calculate the acid test as of April 11, 2020.