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Based on the following information from Fincos Financial statements, confirm that the Cash Flow Identity holds. Balance Sheet Current Accounts 2018: CA = 1500; CL
Based on the following information from Fincos Financial statements, confirm that the Cash Flow Identity holds.
Balance Sheet
Current Accounts
2018: CA = 1500; CL = 1300
2019: CA = 2000; CL = 1700
Fixed Assets
2018: NFA = 3000; 2019: NFA = 4000
LT Liabilities and Equity
2018: LTD = 2200; Common Equity = 500; RE = 500
2019: LTD = 2800; Common Equity = 750; RE = 750
Income Statement
EBIT = 2700; Interest Expense = 200; Taxes = 1000; Dividends = 1250
Depreciation = 300
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