2018 2019

Operating Assets 3,430,000 3,600,000

Operating Liabilities 400,000 350,000

Financial Assets 224,500 330,000

Financial Liabiities 2,200,000 2,130,000

Equity (no dividends' 1,054,500 to be solved

From the 2019 income statement 2019

Sales 1,200,000

Operating earnings before taxes 677,500

Financial earning before taxes (112,500)

Effective tax rate 30%

What are with their averages

2018 2019 Averages

1 NOA (Net Operating Assets) 3,030,000 3,250,000 3,140,000

2 NFO (Net Financial Obligations) 175,500 20,000 77,750

3 Equity