Prepare a cash identity statement for this firm

write three sentences detailing your observation regarding the firms use of cash. thank you!

thousands current year last year 1225 Cookie Jar Restaurants Inc Consolidated Balance Sheet Assets Current assets Cash and cash equivalents Receivables net of allowances Inventories Prepaid expenses Other current assets Total current assets $265,455 18,050 153,058 14,167 6.094 456,824 $119,361 25,677 165,426 11,997 7.188 329.649 1,052,636 66.748 16119384 1,043 284 59.315 1.102.599 $1.576.208 $1.432.248 Long term assets Property, Plant and Equipment (net) Other long term assets Total long term assets Total assets Liabilities Current liabilities Current portion of long term debt Notes payable Accounts payable Accrued liabilities Other current liabilities Total current liabilities 1,117 133,117 134,199 177 178 445.611 25,000 4,704 98,477 123,244 93.013 344,438 Long term liabilities Long term notes payable Other long term debt Deferred income taxes Other long term liabilities Total long term liabilities Total liabilities 400,000 8,704 50,031 133,594 592.329 375,000 3,239 57 709 123.221 559.169 $1,037,940 $903,607 Stockholders' equity Common stock Additional paid-in capital Other equity inc treasury stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 240 56,066 (3.725) 485,687 538.268 238 39,969 (4,733) 493.167 528.641 $1.576.208 $1.432.248 7225 Cookie Jar Restaurants Inc thousands Retained earnings statement Retained earings, 1/1 Add net income Less dividends paid Retained earnings 12/31 $493,167 163,903 171 383 $485.687 Consolidated income statement Net sales Less cost of goods sold (without depreciation) Gross margin General and administrative expenses Other operating expenses Depreciation Operating income Interest income Income before interest and taxes (EBIT) Interest expense Income before taxes Income tax expense (refund) Net income $2,842,284 924,171 1,918,113 1,442,734 147,544 72.955 254,880 0 254,880 16.679 238,201 74.298 $163.903