20 Based only on the numbers provided, which company is doing the best ? In other words, if you were an individual investor, which company would you invest?

A. AAA INCORPORATED

B. BBB INCORPORTATED.

C. CCC INCORPORATED

D. DDD INCORPORATED

D. You are indifferent between DDD INCORPORATED and BBB INCORPORATED

E. You are indifferent amongst AAA INCORPORATED, BBB INCORPORTATED, and CCC INCORPORATED

F. You are indifferent amongst AAA INCORPORATED, BBB INCORPORTATED, CCC INCORPORATED and DDD INCORPORATED

20) Please use the following information to answer the next question for 2021.

For AAA Incorporated:

Cash flows from assets = 0 dollars

EBIT (from 2021 INCOME STATEMENT) = 500 dollars

depreciation expense (from 2021 INCOME STATEMENT ) = 100 dollars

taxes (from 2021 INCOME STATEMENT ) = 100

fixed assets from BALANCE SHEET dated December 31, 2020 = 1400 dollars

fixed assets from BALANCE SHEET dated December 31, 2021 = 1800 dollars

Additions to (Changes in) NWC for 2021 = 0 dollars

For BBB Incorporated:

Cash flows from assets = 100 dollars

EBIT (from 2021 INCOME STATEMENT) = 0 dollars

depreciation expense (from 2021 INCOME STATEMENT ) = 100 dollars

taxes (from 2021 INCOME STATEMENT ) = 0

fixed assets from BALANCE SHEET dated December 31, 2020 = 1400 dollars

fixed assets from BALANCE SHEET dated December 31, 2021 = 1300 dollars

Additions to (Changes in) NWC for 2021 = 0 dollars

For CCC Incorporated:

Cash flows from assets = 200 dollars

EBIT (from 2021 INCOME STATEMENT) = -100 dollars

depreciation expense (from 2021 INCOME STATEMENT ) = 100 dollars

taxes (from 2021 INCOME STATEMENT ) = 0

fixed assets from BALANCE SHEET dated December 31, 2020 = 1400 dollars

fixed assets from BALANCE SHEET dated December 31, 2021 = 1100 dollars

Additions to (Changes in) NWC for 2021 = 0 dollars

For DDD Incorporated:

Cash flows from assets = 100 dollars

EBIT (from 2021 INCOME STATEMENT) = 0 dollars

depreciation expense (from 2021 INCOME STATEMENT ) = 0 dollars

taxes (from 2021 INCOME STATEMENT ) = 0

fixed assets from BALANCE SHEET dated December 31, 2020 = 1400 dollars

fixed assets from BALANCE SHEET dated December 31, 2021 = 1300 dollars

Additions to (Changes in) NWC for 2021 = 0 dollars