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Question 1. Consider the following financial statements for SubMart Corp contained in the company's most recent annual report filed with the OSC. SubMart Corp Balance

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Question 1. Consider the following financial statements for SubMart Corp contained in the company's most recent annual report filed with the OSC. SubMart Corp Balance Sheet, December 31, 2018 SubMart Corporation Income Statement, December 31, 2017-2018 a) Use this information to assess SubMart's financial condition. As part of your answer, calculate the relevant leverage, liquidity, profitability, and efficiency ratios. Also calculate Altman's Z-score (assume the market value of equity is 50,000 ) and use it to assess the likelihood of distress. Discuss and interpret the data you produce and state any recommendations you may have for the firm's management. b) Construct a sources and uses of cash statement, and derive the change in the firm's cash position. Then rewrite the sources and uses of cash as a statement of cash flows. Briefly interpret the results of your analysis. Question 1. Consider the following financial statements for SubMart Corp contained in the company's most recent annual report filed with the OSC. SubMart Corp Balance Sheet, December 31, 2018 SubMart Corporation Income Statement, December 31, 2017-2018 a) Use this information to assess SubMart's financial condition. As part of your answer, calculate the relevant leverage, liquidity, profitability, and efficiency ratios. Also calculate Altman's Z-score (assume the market value of equity is 50,000 ) and use it to assess the likelihood of distress. Discuss and interpret the data you produce and state any recommendations you may have for the firm's management. b) Construct a sources and uses of cash statement, and derive the change in the firm's cash position. Then rewrite the sources and uses of cash as a statement of cash flows. Briefly interpret the results of your analysis

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