Financial Statements Monday, April, 2010 2:17 PM Summary financial statements for Company XYZ are provided below. Using the information in these statements, answer the following questions: a) Estimate the simple return on investment for investors in 2019. b) What was the cash-flow from operations in 2019? c) Using ratios, calculate the degree of liquidity and leverage in the company. COMPANY XYZ INCOME STATEMENT For the year ending 31 December, 2019 Revenues Cost of sales 51,061,271 756,248 Depreciation Interest charges on long term debt 109,971 32,472 Taxes paid 32,516 NET INCOME S130,064 S254,768 $384,832 Retained carings at beginning of year Retained earnings at end of year BALANCE SHEET As at 31 December, 2001 Assets Current Fixed TOTAL ASSETS Liabilities Current Long term debt 5225,942 $1,140,023 $1,365,965 $137,312 S542,110 Equity Capital stock 5301,711 Retained earnings 5384,832 TOTAL LIABILITIES PLUS EQUITY $1,365,965