Hi, can you please get the answers for the ones thwt are marked in red. The green ones are already correct and answered. Please provide calculations. Thanks in advance.
Eepulrest Negattve answers should be indicated by a minus sign. Round P. Patiom nowers to 2 declinal places. P5-5 (Appendix 5A) Preparing the Statement of Cash Flows with Sale of Equipment (Indirect Method) LO5-2, 5-3,5-5, 5-S1 The following information has been reported by Laporte inc on its statements of financial position at December 31,2019 and 2020 and on its statement of earnings for the year ended December 31,2020 . Amounts are in millions of dollars Additional information is as follows: a. Old equipment was sold for cash during 2020 . It had an original cost of $56 and an accumulated depreciation of $25. b. A new building was acquired during the year in exchange for a long-term note for $50, payable in five years. In addition, new equipment was purchased for cash. Required: 1. Prepare the operating activities section of the statement of cash flows for Laporte Inc. for the year ended December 31,2020 by using the indirect method. (Negative answers should be indicated by a minus sign. Enter your answers in millions.) 2. Prepare the investing activities section of the statement of cash flows for Laporte inc for the year ended December 31,2020 . (Negative answers should be indicated by a minus sign. Enter your answers in millions.) Answer is complete and correct. 3. Compute each of the following for the year 2020: (a) quality of earnings ratio, (b) cepital expenditures ratio, and (c) free cash flow (Negative answers should be indicated by a minus sign. Round "Retio" anowers to 2 decimal places.) (8) Answer is complete but not entirely correct. 3. Compute each of the following for the year 2020 : (d) quality of eamings ratio, (b) capital expenditures ratio, and (c) free cash flow. (Negative answers should be indicated by a minus sign. Round "Ratio" onswers to 2 decimal places.) Answer is complete but not entirely correct. 4. Based on your answers to (1) and (2) above, determine the net cash fow from financing activities. (Hint This can be done without preparing the financing activities section of the statement.) (Enter your shower in millions.) 5. The president of Loporte inc, Tanya Turcotte, was provided with a copy of the operating octivites secuen of the statement of cach) during the year, but I don't see how much cash Laporte Inc. received from customers and how much it pald to trade suppliers and foc income taxes. Please ask whoever prepared this statement to provide me with these numbers Besed on Tanya is comment, complte the following amounts for 2020: (Enter your answers in millions.) (8) Answer is complete but not entirely corrnct
