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Exercise 5-18 The comparative balance sheets of Stellar Corporation at the beginning and end of the year 2020 appear below. STELLAR CORPORATION BALANCE SHEETS Dec.
Exercise 5-18 The comparative balance sheets of Stellar Corporation at the beginning and end of the year 2020 appear below. STELLAR CORPORATION BALANCE SHEETS Dec. 31, 2020 Jan. 1, 2020 Inc./Dec. Assets Cash $22,200 109.200 41.200 (17,000) $154,600 $14,530 89,530 23,530 (11.000) $116,590 $7,670 Inc. 18,670 Inc. 17.670 Inc 6.000 Ing. Accounts receivable Equipment Less: Accumulated Depreciation Equipment Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total 5 $22,200 102,200 30,200 $154,600 $16,530 81,530 18.530 116,590 ,670 Inc 20,670 Inc 11.670 Inc Net income of $46,200 was reported, and dividends of $34,530 were paid in 2020. New equipment was purchased and none was sold. Prepare statement of cash flow for the year 2020. (Show amounts that decrease cash flow with either signe.2. - 15,000 or in parenthesis e.g. (15,000).) STELLAR CORPORATION statement of Cash Flows Net income of 146,200 was reported, and dividends of $34.530 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show mounts that STELLAR CORPORATION Statement of Cash Flows TE PAPP v ratite decimal place. ..) Compute the current ratio (current assets + current liabilities as of January 1, 2020, and December 31, 2020, December 31, 2020 January 1, 2020 Current ratio 2020, and December 31, 2020. Round ratios to I decimal place... 4.5.) Compute the current ratio (current assets + current liabilitie December 31, 2020 January 1, 2020 Current ratio Compute free cash flow for the year 2020. (Show amounts that enthesise.. (15,000).) Free Cash Flow In light of the analysis in (part b), comment on Stellar's liquidity and financial flexibility Stellar company har liquidity and financial flexibility Click if you would like to Show Work for this questioni Qen Show Work
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