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In addition to the information presented in the following balance sheet for the beginning and end of 20X1, MCO Corporation had a net income after
In addition to the information presented in the following balance sheet for the beginning and end of 20X1, MCO Corporation had a net income after taxes of $182 million and paid out $40 million in cash dividends MCO Corporation Balance Sheer (in Millions of Dollars) January 1, 20X1 December 31, 20x1 ASSETS Cash $ 51 $ 27 Marketable securities 30 2 Receivables 97 Inventories 125 211 Total current assets 268 5337 Gross fixed assets $225 $450 Less: Accumulated depreciation (62) (85) Net fixed assets S163 S365 Total Assets 5431 $702 LIABILITIES AND EQUITY Accounts payable S 65 $ 74 Notes payable 45 9 Other current liabilities 21 45 Long-term debt 24 78 Common stock 192 Retained earnings 162 304 Total liabilities and equity $702 ma || name | || Note the purchase of fixed assets in the amount of $225 million and depreciation expense of $23 million. Note the purchase of fixed assets in the amount of $225 million and depreciation expense of $23 million. Required 1. Schedule of Changes in Net Working Capital - 20 pts 2. Funds Flow Statement (using the NWC definition of fund) - 20 pts 3. Funds Flow Statement (Cash basis) - 20 pts 4. Cash Flow Statement - 20 pts Briefly summarize your findings
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