MNO Company Statement of Financial Position For the year ended December 31 2020 2019 A Assets: Current Assets: Cash A/R Inventory Prepaid Expenses Total Current Assets Non-Current Assets: PPE, net Intangible Assets Total Non-Current Assets $21,000 $20,300 $22,400 $25,200 $19,600 $16,800 $1,400 $700 $64,400 $63,000 $142,800 $134,400 $7,000 $5,600 $149,800 $140,000 -16C PPE, net Intangible Assets Total Non-Current Assets Total Assets $142,800 $134,400 $7,000 $5,600 $149,800 $140,000 $214,200 $203,000 $14,000 $9,800 $25,200 $21,000 $39,200 $30,800 Liabilities: Current Liabilities Accounts Payable Short Term Debt Total Current Liabilities Non-Current Liabilities: Long Term Debt Total Liabilities Equity: Common Shares $70,000 $75,600 $109,200 $106,400 $8,400 $8,400 16C ol $109,200 $106,400 $8,400 $8,400 $96,600 $88,200 $105,000 $96,600 $214,200 $203,000 Total Liabilities Equity: Common Shares Retained Earnings Total Equity Total Liabilities and Equity MNO Company Statement of Earnings For the year ended December 31, 2020 Sales (90% on credit) Cost of goods sold Gross margin Selling and Distribution expenses Administrative expenses Depreciation expense Operating income $140,000 $84,000 $56,000 $20,300 $15,400 $5,600 $14,700 Selling and Distribution expenses Administrative expenses Depreciation expense Operating income Interest expense Net income before tax Tax expense Net Income Required: $20,300 $15,400 $5,600 $14,700 $700 $14,000 $2,800 $11,200 a) Fill in the missing information in the chart provided. Show details of your calculations in the space provided. For the "Trend" column only use "improving" or "worsening" or "stable" for your answer. (round to 4 decimal places) (11 marks) b) Provide an overall assessment of the company's liquidity and leverage. In your assessment, explain the relationship between liquidity and leverage. Identify which 1036 AM 44 S11,200 Required: a) Fill in the missing information in the chart provided. Show details of your calculations in the space provided. For the "Trend" column only use "improving" or "worsening" or "stable" for your answer. (round to 4 decimal places) (11 marks) b) Provide an overall assessment of the company's liquidity and leverage. In your assessment, explain the relationship between liquidity and leverage. Identify which ratios you used to determine your assessment. (4 marks) Paragraph + B V UA, I bho 10:36 AM A - 16C e >> - 5 13 C