All three pictures are beeded to answer the 4 questions in the bottom of the last photo!
You need the following information for problems 1, 2, 3 and 4. Assume that today is January 1, 2021. Assume that you are a management consultant. One of your clients comes to you for advice. Your client has the opportunity to buy a small business, Finance Experts' Fine Cars and Trucks. The purchase must be made today. The lease on the building that houses the business will expire on December 31, 2023 at 11:59 p.m. It cannot be renewed. In other words, the business only has a life of 3 years. All assets will be sold on December 31, 2023. Assume that investments of like risk are giving a 20% return every year. Finance Experts' Fine Cars and Trucks Balance Sheet as of December 31 ASSETS 2020 2021 2022 2023 S Current Assets Cash Accounts Receivable Inventory 100 200 300 300 200 500 500 200 500 OOO TOTAL 600 1000 1200 0 Fixed Assets Net Plant and Equipment 4000 3800 3600 0 TOTAL ASSETS 4600 4800 4800 0 LIABILITIES AND EQUITY Current Liabilities Accounts payable Notes payable 200 400 200 400 200 400 0 Total 600 600 600 0 Long-term debt Long ter 0 0 0 0 Stockholders' Equity Common Stock and Paid-in Surplus Retained Earnings Total Stockholder's Eq 200 3800 200 4000 200 4000 OO 4000 4200 4200 0 TOTAL LIABILITIES & EQ 4600 4800 4800 0 Av E Emphasis Heading 1 Finance Experts' Fine Cars and Trucks INCOME STATEMENT as of December 31 2021 2022 2023 Net Sales Cost-of-goods sold Depreciation 2,000 1200 200 4,000 2400 200 6,000 3,000 200 Earnings before interest and taxes 600 1400 2800 Interest 0 0 0 Taxable income 600 1400 2800 Taxes 100 400 600 Net Income 500 1000 2200 Retained Earnings 200 0 0 Dividends 300 1000 6200 Use the above information to answer the following 4 questions 1) What I the business worth given the projected financial statements? 2) What is the total cash flow from assets" for 2022? 3) What is "the cash flow to owners (stockholders)" for 2021? 4) What are the operating cash flows for 2021? tato