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Part I Based on the following information provided below, prepare the income statement and balance sheets for 2020 and 2021 (all values in million of
Part I Based on the following information provided below, prepare the income statement and balance sheets for 2020 and 2021 (all values in million of dollars). Assume that the tax rate is 25% and there is no SG&A. Input the values without decimal places, rouding to the nearest value. Initial Values Year 2020 2021 Units Produced (in millions) 1750 1700 Price per unit $2.34 $2.54 Cost to produce one unit $1.1 $1.24 Income Statement Year 2020 2021 Net Revenue COGS Depreciation $1010 $1040 Operating Income Interest $215 $225 Taxable Income Taxes Net Income Dividends paid Addition to retained earnings $425 $610 Balance Sheet Assets 31-Dec-20 Current Assets 31-Dec-21 Liabilities Current Liabilities 31-Dec-20 31-Dec-21 Cash Acc. Payables 350 330 Short-term Acc. Receivables 180 155 credit line Total Current Inventory 410 395 2500 2250 Liabilities Long-term Total Current Assets 2450 2100 2880 2850 debt Fixed Assets Equity 31-Dec-20 31-Dec-21 Equipment Common Stock 480 Less Accum. Retained 1010 1040 Depreciation Earnings Total Fixed Assets 7000 6700 Total Total Assets Equity&Liability Part II - What is the net cash flow in 2021? - What is the net cash flow of financing activities in 2021? - What is the net cash flow of investing activities in 2021, considering only the purchase/sale of assets? - What is the net cash flow from operating activities in 2021
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