4 2 XYZ Limited Statement of Cash Flows for the year ended 12/31/x1 Cash flows from operating activities Cash receipts from customers Cash paid to suppliers $45,800,000 (29,800,000) Cash paid to employees (11,200,000) Cash generated from operations 4,800,000 Interest paid Income taxes paid Net cash from operating activities (310,000) (1,700,000) Cash flows from investing activities Purchase of property, plant, and equipment (580,000) Proceeds from sale of equipment Net cash used in investing activities Cash flows from financing activities $2,790,000 110,000 (470,000) Proceeds from issuance of common stock 1,000,000 Proceeds from issuance of long-term debt 500,000 Principal payments under capital lease obligation (10,000) Dividends paid (450,000) Net cash used in financing activities 1,040,000 Net increase in cash and cash equivalents 3,360,000 Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Additional Information: 1. Creditors balance for the year ended 12/31/x1 is $25000. 2. Long term loan balance is $50000. 3. Accrued expenses of $1500. Required: Calculate the following ratios: a. Short term liquidity b. Internal cash-generating capacity c Debt reliance d. Cash adequacy 1,640,000 $5,000,000 (8 marks) Late Submission: Assignments submitted late will be penalized at the rate of 10% of the total marks per day. Plagiarism and Dishonest Practice Regulation Plagiarism and dishonest practices are serious offences for which offenders shall be penalized. Students must read the relevant section of UASR to understand the various types of cases defined as dishonest practices in academic work and to also know the penalties associated with these kinds of practices. Assignments that contain any copied and pasted material will be awarded a zero mark