Larsen Coatings Exercise $-$ Cash Flow

Presented below are year$-$end income statements and balance sheets for Larsen

Specialty Coatings Co$.$ for $2022$ and $2023.$

a$)$ Consider Larsen$$s financial performance for $2023.$ Briefly discuss the firm's

sales growth, profitability, and profit growth.

b$)$ How much did Larsen pay in cash dividends in $2023?$

c$)$ Using the balance sheets determine for $2022$ and $2023$ Larsen's

i$)$ Working capital

ii$)$ Net working capital

d$)$ Using the income statement and balance sheets, determine for $2023$ Larsen's

i$)$ Operating cash flow

ii$)$ Cash flow from assets $($Free cash flow$)$