Question 1 12+3+5+4-24 marks Jenny a recent graduate has joined a marketing company as financial officer. The company wants to expand its business outside the Bangkok province and also wants to launch an extensive advertising campaign. Before they take any decision for new advertising campaign, the company needs to understand the financing, investment and operating activities. Therefore, the manager asked Jenny to prepare the cashflow statement from the balance sheet and income statement. a. Prepare the Cashflow statement for 2019 b. What is Moore Corporation's Net operating profit after tax for year 2019? What is the Net operating working capital for 2018 and 2019? d. What is the Free Cash Flow (FCF) for the company? C. Moore Corporation Balance Sheet For the year end 2018 2019 Assets Cash and equivalents Short-term investments Accounts receivable Inventories Total current assets Gross fixed assets Less: Accumulated depreciation Net plant and equipment Total assets s 60 100 400 620 5.1.180 $ 3.900 1,000 $ 2.900 4,080 SO 10 520 820 $ 1.400 $ 4.820 1.320 $ 3.500 $4.900 $300 $ 50 200 Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total equity Total liabilities and equity 400 250 240 890 1.100 $ $ 550 800 S 1.350 1.000 11730 52.739 5.4.080 1.000 1.910 S2.910 S 4.900 Moore Corporation Income Statement Net sales Cost of goods sold (Excluding depr. & amort) Depreciation and amortization Other operating expenses Total operating costs Earnings before interest and taxes (EBIT) Less interest Pre-tax carnings Taxes (25%) Net Income 2018 $ 5,500 4,300 290 350 $ 4,940 $ 560 68 $ 492 123 S 369 2019 $ 6,000 4.800 320 420 S5.540 S 460 108 352 88 264 Other Data Stock price Shares outstanding Common dividends Tax rate Weighted average cost of capital (WACC) 2018 $50.00 100 $90 25% 10.00% 2019 $30.00 100 584 25% 10.00% hun