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Include all your work please. Instructions: Please review the following case and answer the questions provided. You must include all necessary workings for CFFA, CFC,
Include all your work please.
Instructions: Please review the following case and answer the questions provided. You must include all necessary workings for CFFA, CFC, and CFS. This case will account for 10% of your overall grade. Please note that only electronic copies of the assignment will be aceepted, and handwritten assignments will not be considered. The deadline for submission is January 9th,2024 at 4:30 PM sharp. Late submissions will not be accepted, so please begin working on the assignment as soon as possible. This assignment will provide you with an excellent opporfunity to practice for the midtem examination. Completing this assigmment will help you prepare for the midterm exam and improve your chances of doing well. Your assignment should include a cover page with the title of the case, your name, and your student number. Case: Awaking Clothing is a fashion brand that specializes in selling high-end clothing. The founder, Jane Smith, is responsible for designing and marketing the products but has limited experience in managing business operations. Consequently, the financial records are not well maintained. Despite this, the brand has gained popularify through positive word of mouth from satisfied customers. Jane plans to expand the business by opening a new store in New York and supplying other retailers. She intends to finance this by borrowing money from banks and additional investors. A financial analyst was hired to evaluate the company's performance over the past year, After carefully reviewing the records, she has gathered all the necessary information. Awaking Clothing currently retains back 75 pereent of its net income and has a corporation tax rate of 25%. You are the financial analyst's assistant, and he has asked you to prepare the following: 1. An income statement for 2021 and 2022 2. A balance sheet for 2021 and 2022 . 3- Operating cash flow for each year. 4- Cash flow from assets for 2022. 5- Cash flow to creditors for 2022. 6. Cash flow to stockholders for 2022 Step by Step Solution
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