Q1. Show detailed calculations of CFFA under two approaches we have discussed in our class. (60 marks) Q2. Comment on the cashflow performance of the company in the years of 2018 and 2019.(20 marks) Q3. If you were to advise Flamingo Inc. for the year 2020, what recommendations would you propose regarding the capital structure of the company? Why? (20 marks) Instructions Complete the work in MS Word and make the submission in unit 2 exercise on the moodle according to the deadline. Show detailed step by step calculations in your answers. . Cite specific lecture related examples to justify your descriptive answers. Fleming, Inc 2019 satement of comprehensive income et sales $1354 Low Cost of goods sold 605 Less: Depreciation ISO Earnings before interest and taxes 599 Lese: Interest paid 80 Taxable income 519 Less: Taxes 156 Net income $363 Addition to retained earnings Dividends paid 109 Unit 2 Exercise Questions Fleming, Inc 2018 and 2019 Statement of financial positions (5 in millies) 2016 2015 2018 2019 Cash SIOG S121 Accounts payable $400 5350 Accounts ree 350 425 Notes payable 390 370 Inventory 41 Total $790 5720 Total $890 8950 Long-term debt 500 550 Net fixed assets 1.556 1.704 Owner's equity Common stock 600 580 Retained 556 810 earnings Total 1,156 1,390 Total assets $2.446 2,660 Total liabilities $2,446 $2,660 Q1. Show detailed calculations of CFFA under two approaches we have discussed in our class. (60 marks) Q2. Comment on the cashflow performance of the company in the years of 2018 and 2019.(20 marks) Q3. If you were to advise Flamingo Inc. for the year 2020, what recommendations would you propose regarding the capital structure of the company? Why? (20 marks) Instructions Complete the work in MS Word and make the submission in unit 2 exercise on the moodle according to the deadline. Show detailed step by step calculations in your answers. . Cite specific lecture related examples to justify your descriptive answers. Fleming, Inc 2019 satement of comprehensive income et sales $1354 Low Cost of goods sold 605 Less: Depreciation ISO Earnings before interest and taxes 599 Lese: Interest paid 80 Taxable income 519 Less: Taxes 156 Net income $363 Addition to retained earnings Dividends paid 109 Unit 2 Exercise Questions Fleming, Inc 2018 and 2019 Statement of financial positions (5 in millies) 2016 2015 2018 2019 Cash SIOG S121 Accounts payable $400 5350 Accounts ree 350 425 Notes payable 390 370 Inventory 41 Total $790 5720 Total $890 8950 Long-term debt 500 550 Net fixed assets 1.556 1.704 Owner's equity Common stock 600 580 Retained 556 810 earnings Total 1,156 1,390 Total assets $2.446 2,660 Total liabilities $2,446 $2,660
