1. Wendell and Louise are 50/50 partners in a small business; the total assets of the business are $600,000. The business has been sued by a customer; the customer is seeking damages of $950,000. Wendell and Louise do not have insurance to pay for these damages. Wendell's personal net worth is $100.000 (outside of the business) and Louise's personal net worth (outside of the business) is $450,000. What resources can be used to pay the customer $950,000 in the event the business is found liable? Why? (5 points) 2. Use the attached balance sheet to answer the following questions. a. What is the largest source of long- term cash being used by the company? How will this source probably affect the company's use of cash on an ongoing basis? (4 points) b. What is the company's largest investment in short-term assets? Describe these types of assets. (4 points) C. For common stockholders, what is their amount of investment in the company? Why? (4 points) d. How much has the company invested in long-term assets? Why are these assets important for the company's success? (4 points) 3. Use the attached income statement to answer the following questions. a. How much did the company spend to create the goods and services it sold? (3 points) b. Does the company have debt? Why or why not? (4 points) C. How much income is available to common stockholders? (3 points) 527 RESTAURANT BRANDS INTERNATIONAL LIMITED PARTNERSHIP AND SUBSIDIARIES Consolidated Balance Sheets (In millions of US dollars, except unit data) As of December 31, 2019 2018 Current assets: Cash and cash equivalents 1.5335 913 Accouns and nokes receivable, net of allowance of 513 and $14, respectively 452 Inventories, net 84 75 Prepaids and other current assets 52 60 Total current assets 2.196 1.500 Property and equipment, net of accumulated depreciation and amortization of 5746 and $704 respectively 2,007 1,996 Operating lease assets, net 1,176 Intangible assets, net 10,563 10,463 Goodwill 5,651 5.486 Net investment in property lowed to franchisers 48 54 Other assets, net 719 642 Total asses 22,360 3 20,141 LIABILITIES AND NOLITY Current liabilities: Accounts and drafts payable 6445 513 Other accrued liabilities 790 637 Gift card liability 168 167 Current portion of long term debt and finance leases 101 91 Total current liabilities 1.703 1,408 Term deht, net of current portion 11,759 11.823 Finance leases, net of current portion 288 226 Operating lease labilities, net of current portion 1,089 Other liabilities, net 1,698 1,547 Defensed income taxes, net 1.564 1,519 Total liabilities 18.101 16,523 Commitment and contingencies (Note 18) Partners capital Class A common units - 202,006,067 units issued and outstanding at December 31, 2019 and December 31, 2018 7.786 4,323 Partnership exclungeable units : 165.507.199 units issued and outstanding at December 31, 2019: 207 523 591 units issued and outstanding at December 31, 2018 (2353) 730 Accumulated other comprehensive income (boss) (1,178) (1.437) Total Partners capital 4.255 3,616 Noncontrolling interests Total oquity 4,259 3,618 Total liabilities and equity 22,360 3 20141 Tesla, Inc. Consolidated Statements of Operations (in millions, except per share data) 19,952 869 20,821 1.531 2.226 24,578 Year Ended December 31 2019 Revenues Automotive sales Automotive leasing Total automotive revenues Energy generation and storage Services and other Total revenues Cost of revenues Automotive sales Automotive leasing Total automotive cost of revenues Energy generation and storage Services and other Total cost of revenues Gross profit Operating expenses Research and development Selling, general and administrative Restructuring and other Total operating expenses Loss from operations Interest income Interest expense Other income (expense), net Loss before income taxes Provision for income taxes Net loss Net income (loss) attributable to noncontrolling interests and redeemable noncontrolling interests in subsidiaries Net loss attributable to common stockholders 19.939 459 16,398 1.341 2.770 20,509 4,069 1,343 2,646 149 4,138 (69 44 (685 45 (665 110 (775 87 (862