Below is the information from Balance and some accounts from the income statement for the last year of operation.

Operation data:

Taxes: 20% Cost of debt: 20% Dividends 20%

Balance sheet:

Cash and banks $100 Accounts receivable $520 Inventories $650 CURRENT ASSETS $1270

Fixed assets $1200 Accumulated depreciation $-400 NET FIXED ASSETS $800

TOTAL ASSETS $2070

Account payable $290 CURRENT LIABILITIES $290

Long-term debt $500 TOTAL LIABILITIES $790

Capital $900 Retained earnings $380 EQUITY $1280

TOTAL LIABILITIES + EQUITY $2070

P&L accounts

Sales 6300 Cost of Sales 5400 Purchases 3600 Operational profit 300 Depreciation 150 Final net income 160

The projection for the following year assumes the same behavior of the ER accounts (Same sales, same costs and expenses, same profits). But general management proposes changes in policies and assumptions:

CXC rotation: 10 times a year Inventory Rotation: 6 times a year CXP rotation: 24 times a year There are no more capital contributions. There is no investment in Fixed assets. Long-term debt remains the same.

Additionally, Dividend distribution policy of 50% of the final net profit. Minimum Cash at the end of the year equal to 40. Cost of debt before taxes 20% annually. For the projected situation

1. Do a profitability analysis (DuPont) 2. Calculate cash after operating, investing and financing activities 3. What should be the additional debt to meet the minimum cash condition... to. If the loan is taken on the last day of the projected year? b. If the loan is taken on the first day of the projected year?