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Bill Sing's manager was not impressed with his work on the other question. Bill tried to find the answers on Chegg and Course Hero
Bill Sing's manager was not impressed with his work on the other question. Bill tried to find the answers on Chegg and Course Hero but was not successful. The boss really wants to fire Bill because of his lack of financial knowledge (he cheated throughout his studies), even though Bill Sing claims to have scored a 95% in Managerial Finance. As a sign of good faith, the boss gives Bill one more opportunity to prove himself. The following information was provided by the company Rotomac Inc. a. Prepare a Statement of Comprehensive Income (both years) b. Prepare a Statement of Financial Position (both years) c. Calculate Operating Cashflow for the year 2020 d. Interest expense has decreased significantly in 2020. In a brief sentence or two explain why this may have occurred. e. Depreciation expense has decreased significantly in 2020. In a brief sentence or two explain why this may have occurred. Year 2019 Year 2020 Depreciation Cost of Goods 34,375 8,970 21,485 26,420 Other Expenses 5,110 4450 Interest 12000 4,190 Gross Sales 80190 91,470 Cash 82,765 84,915 Accounts Receivable 38,385 51,905 4455 4,835 Sales Returns Focus
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