1. In 2019, Kairos Industries achieved sales of $330 million and an EBITDA of 17% of sales. Depreciation as amortization of fixed assets was 11% and interest paid was $2 million. On the other hand, the tax rate was 35% and 38% of net income is awarded to dividends. Prepare an income statement taking into consideration the data presented. (10 points)

2. Prepare the statement of capital for the period ending December 31, 2019. (8 points)

3. Taking into consideration that Kairos Industries does not have surplus available cash, determine the available cash flow (Free Cash Flow) and the operating working capital. (6 points)

2019/

2018

Cash

$102,950

$89,825

accounts receivable

103,465

85,627

inventories

38,544

35,082

Total current assets

244, 959

210, 534

Property, plant and equipment

67,265

42,536

total assets

312,224

253,070

Accounts payable

30,861

23,209

accumulations

30,577

22,756

Obligations payable

16,817

14,317

Total current liabilities

78,255

60,282

Long term debts

76,364

64,014

total liabilities

154, 619

124,296

Common actions

100,000

90,100

Retained earnings

57,605

38,874

Total stockholders' equity

157,605

128,974

Total liabilities plus equity

$312,224

$253,270