crow.pur Question 4) 25 Marks (Space allowed: 1 sheet of paper, i.e. 1 photo) Time allotted: 45 min Balance Sheet Cash Accounts Receivables Inventory 2019 $ 400 500 1,000 2018 $ 300 600 900 Income Statement Sales COGS Gross Profit 2019 $ 2,500 1,000 1,500 Equipment at Cost Less Accum. Depreciation 6,000 (2,000) 5,000 (1,500) Total Assets $ 5,900 $ 5,300 Operating Expense Rent Payroll Marketing Utilities Amortization Interest expenses Total Expenses 100 200 100 40 500 80 1,020 Accounts Payable $ 1,200 $ 900 LT Loan Payable 2,000 2,000 Income Before Taxes 480 Common Shares Retained Earnings 2,000 700 2,000 400 Taxes Total Liabilities & Equity $ 5,900 $5,300 Net Income $ 400 Additional Info: New equipement was purchased for $1,000 in 2019 Cash Dividend $100 was paid in 2019 a. Prepare the Statement of Cashflow (Indirect Method) (15 marks) b. Find the follow ratios for 2019 (Show calculation for full marks) (10 marks) 1. il. ili. Current Ratio, Account Receivable Turnover, Gross Profit Ratio, ROE (Return on Common Shareholders' Equity), Debt Ratio iv. V