1. Draw up a cash flow statement for the year ended 31^st December 2020.
2. Calculate for 2020, Free Cash Flow.
3. Calculate the following Ratios for the year 2020 and interpret-

Gross Profit Margin, Debt Ratio, Return on Common Equity (ROCE), Total Asset Turnover Ratio, (One year = 365 days)

4. MONBANA INC. Balance Sheet As at 31 December 2019 & 2020 2020 ($) 2019 ($) $ 7,282 632,160 1,287,360 $1.926,802 1,202,950 263,160 $ 939,790 $2,866,592 $ 57,600 351,200 715,200 $1,124,000 491,000 146,200 $ 344.800 $1,468,800 Details Assets Cash Accounts receivable Inventories Total current assets Gross fixed assets Less accumulated depreciation Net fixed assets Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term debt Common stock (100,000 shares) Retained earnings Total equity Total liabilities and equity S 524,160 636,808 489,600 $1,650,568 723,432 460.000 32,592 $ 492,592 $2,866,592 $ 145,600 200,000 136,000 $ 481,600 323,432 460,000 203,768 $ 663,768 $1,468,800 MONBANA INC. Income Statement For the year ended 31 December 2019 & 2020 Details 2020 ($) 2019 ($) Sales $6,034,000 $3,432,000 Cost of goods sold 5,528,000 2,864,000 Other expenses 519,988 358,672 $6,047,988 $3,222,672 Total operating costs excluding depreciation and amortization EBITDA ($ 13,988) $ 209,328 Depreciation and amortization 116,960 18,900 EBIT ($ 130,948) $ 190,428 Interest expense 136,012 43,828 EBT ($ 266,960) $ 146,600 Taxes (40%) (106,784) 58,640 Net income ($ 160,176) $ 87,960 Dividend per share 0.11 0.22