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Given the above Income Statement and Balance Sheets for SRT from 2018-19, compute Cash Flow Identity, labeling each of the 5 components as being a

Given the above Income Statement and Balance Sheets for SRT from 2018-19, compute Cash Flow Identity, labeling each of the 5 components as being a net source/use of cash for the past year.image text in transcribed

Cost of Goods Sold: Tax Rate Sales $1100 35% $2800 Interest Paid Depreciation $200 $250 Balance Sheet (in millions of $'s) Assets Cash & Mkt. Securities Accounts Receivables Inventories Total Current Assets 2018 $200 $400 $600 $1200 2019 $250 $450 $650 $1350 Liab. & Common Equity 2018 2019 Accounts Payable $500 $500 Accruals $400 $450 Total Current Liabilities $900 $950 Long Term Debt $1200 $1250 Total Liabilities $2100 $2200 Common Stock $800 $800 Retained Earnings $300 $912.50 Total Common Equity $1100 $1712.50 Total Liab. & Equity $3200 $3912.50 Fixed Assets Total Assets $2000 $3200 $2562.50 $3912.50 Other Information 2019 Price of Stock: $30 2019 Shares Outstanding: 200 million 2019 Dividends Paid: $200 2019 Retained Earnings: $612.50

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