Question # 03 (Marks 10) 20X1 20X2 20X3 20X4 Cash $ 214 $ 93 $ 42 $ 38 Receivables 1,213 1,569 1,846 2,562 Inventories 2,102 2,893 3,678 4,261 Net fixed assets 2,219 2,346 2,388 2,692 Total assets $5,748 $6,901 $7,954 $9,553 Accounts payable $1,131 $1,578 $1,848 $2,968 Notes payable 500 650 750 750 Accruals 656 861 1,289 1,743 Long-term debt 500 800 800 800 Common slock 200 200 200 Retained earnings 2,761 2,812 3,067 3,092 Total liabilities and shareholders' equity $5,748 $6,901 $7,954 $9,553 Using Index Analysis of the company what are the major problems in the firm financial condition? 200 Question #04 (Marks 10) Using following information of SOB Corp., prepare an income statement for the year 2012 and balance sheets for 2011 and 2012. Also calculate cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2012. Use a 35 percent tax rate. Sales Cost of goods sold Depreciation Interest Dividends Current assets Net fixed assets Current liabilities Long-term debt Question # 05 (Marks 05) What is the advantage of the corporation? Discuss. 2011 $4,203 2.422 785 180 225 2,205 7,344 1,003 3,106 2012 $4,507 2,633 952 196 250 2,429 7,650 1,255 2,085