During the Year Ended 12/31/2020 the Financial Statements of XXX Co. should the followings:

Year Ended 2019 Year Ended 2020 Change

Sales 2000 2500 500

Cost of Goods Sold 1600 2100 5000

Gross Profit 400 400 0

Depreciation 20 25 5

Other Operating Expenses 80 175 95

Gain on sale of assets 10

Net Income 300 210 -90

Account Receivable 20 40 20

Account Payable 30 25 -5

Inventory 15 25 10

Equipment 100 130 30

less: Accumulated

Depreciation -50 -70 -20

DISNEY PURCHASE A NEW EQUIPMENT FOR $40

What is the operating cashflow of 2020?

what is the cash received from customers in 2020?

What is the cash paid for suppliers in 2020?

Calculate the Payables turnover ratio which equals (Purchases /Average trade payable)

What is the gross profit margin of 2020?

What is the book value of the sold equipment?

What is the historical cost of the sold equipment?

What is the accumulated depreciation on the sold equipment

What is the selling price for the sold equipment

What is the cash flow from investment activities?