3800 Table 1: December 31 Comparative Balance Sheets (millions of dollars) 2020 2019 Assets Cash and marketable securities $15.0 $40.0 Accounts receivable 180.0 160.0 Inventory 270.0 2000 Total current assets $465.0 $400.0 Gross plant and equipment $8800 $6000 Less: Accumulated depreciation (300.0) (2500) Net plant and equipment 350.0 Total assets S845.0 $75010 Liabilities and equity Accounts payable S300 $15.0 Accruals 60.0 55.0 Notes payable 40.0 Total current liabilities IS130.0 S105.0 Long-term bonds 3000 255 0 Total liabilities $430 0 $3600 Common stock 130.0 130.0 Retained earings 2850 260 0 Owner's equity $4150 $390.0 Total liabilities and equity |$8450 $750,00 NOTE: the company has no preferred stock, so owner's equity includes common 35.0 www Table 2, Comparative Income Statements for Years Ending December 31(millions of dollars, except per share data) 2020 Net Sales 191,500.0 Cost of goods sold (1.230,0) Gross profit $270.0 Fixed operating expenses except depreciation (900) Depreciation 1500 Earnings before interest and taxes (EBIT) $130.0 Interest (40.0 ) Earning before taxes (EBT) $90.0 Taxes (40%) (36.0 Net income $54.0 Preferred dividends 0.0 Earnings available to common stock holders (EAC) $54.0 Common dividends (29.0) Additions to retained earnings $250 Per share Data: Shares outstanding 25.00 Common stock price $23.00 Earnings per share $ 2.16 Dividends per share 1 $ 1.16 2019 $1,4350 (1.176.7 ) $258.3 (850) (400) $133.3 (350) ( $98.3 (393) T$59.0 0.0 1 $59.0 27.0 15320 25.00 1$23.00 $ 2.36 1$ 1.08 6. Calculate the Cash Flow from Assets, Cash Flow to Stockholders, and the Cash Flow to Bondholders in 2020