Consider the financial statements for BFT Co. provided below. Use these to solve the four (4) problems presented. Assets Cash Accounts receivable Inventory Current assets Accounts payable Accrued expenses Short-term borrowings Current liabilities Working capital Net fixed assets Total assets BFT CO BFT Co. Balance Sheet Income Statement As of As of For the Year Ended 12/31/19 12/31/18 12/31/19 Sales 2,000 Cost of goods sold 800 100 180 Gross profit 1,200 200 210 300 310 Operating expenses 600 700 200 250 | Salaries 300 100 100 Occupancy 200 300 320 Depreciation 100 600 670 Utilities 60 0 30 Insurance 30 1,600 1,700 Other 10 1,600 1,730 Total operating expenses 700 Capital 500 Problem 3: In the space below, compute BFT Co's 2019 free cash flow. 50 450 Long-term debt 600 150 Operating income Interest 500 Net income before tax Income tax 130 400 Net income after tax 700 1,230 100 300 300 Common stock Additional paid-in capital Retained earnings Total equity 600 1,000 Total capital 1,600 1,730 Problem 1: In the spaces below, show BFT Co's show four of BFT's 2019 leverage ratios. Problem 4: In the space below, compute the length of BFT Co's 2019 operating cycle. Ratio name Ratio value Ratio name Ratio value Problem 1: Complete JMJ Corp.'s pro forma income statement and balance sheet below using the sustainable growth rate. The company is currently operating at full capacity. JMJ Corp Current Actual Income Statement Pro Forma Sales 4,000 Expenses 2,400 NIBT 1,600 Income tax 400 NIAT 1,200 Dividends 600 Balance Sheet Assets 6,000 Debt 2,000 Equity 4,000 Total capital 6,000