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Note: E denotes estimated; the 2011 data are forecasts. a) Has the firm's profitability, liquidity position and financial stability improved or worsened from 2009

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Note: "E" denotes "estimated"; the 2011 data are forecasts. a) Has the firm's profitability, liquidity position and financial stability improved or worsened from 2009 to 2010? Explain with the help of ratio calculations. b) Use the data from the income statement and balance sheet to prepare the statement of cash flows for 2010. What do you conclude from the statement of cash flows? c) Do you think that valid assumptions have been made to create the estimated (projected) values for 2011? Do the statements show any financial improvement in the coming year for the company? Support your justification with the help of calculations.

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