Prepare a Statement of Cash Flows

STATEMENT OF INCOME For the Year Ended November 30, 2019 Revenue: Sales Total Revenue 145 Cost of Goods Sold: 0 Gross Profit: 91 2 Expenses and Losses: Salaries Depreciation Advertising Interest Miscellaneous w 006 o Net Income own The "Final" Stop STATEMENT OF FINANCIAL POSITION November 30, 2019, and November 30, 2018 30-Nov-19 30-Nov-18 101 $ 104 15 7 ASSETS: CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID ADVERTISING EXPENSE AVAILABLE-FOR-SALE (long-term) INVESTMENTS PLANT ASSETS ACCUMULATED DEPRECIATION TOTAL ASSETS 14 48 40 NOWN 12 10 55 30 -11 211 -22 205 $ NO O Nw5 8 LIABILITIES AND EQUITY ACCOUNTS PAYABLE ACCRUED SALARIES PAYABLE INTEREST PAYABLE DIVIDENDS PAYABLE BONDS PAYABLE COMMON STOCK($2 Par per share) PAID-IN-CAPITAL EXCESS OVER PAR--COMMON STOCK RETAINED EARNINGS TOTAL LIABILITIES AND EQUITY on w 40 14 46 40 10 74 211 205 $ 9 Additional information: 0 Market value of a share of Company's common stock was $33 as of November 30, 2019 wN 4 Instructions: 1. Prepare a statement of Cash Flows (using the indirect method to present the operating activities). 2. Now, use the direct method to show operating activities. wNO 00 ou WNO 00 ou 3. Prepare the following ratios (for the most recent year). a. Current ratio b. Quick ratio c. Current cash debt coverage d. Accounts Receivable turnover e. Inventory turnover f. Return on assets g. Return on Common Stockholders' Equity h. Earnings per Share i. Price earningsratio j. Payout ratio k. Debt to total assets ratio 1. Times-interest earned m. Tell me about the financial leverage of The Testing Co.--BE SPECIFIC