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Question 2 (10 points): Consider the following financial statements for year-end 2019. Cari Farm Income Statement 2019 Revenue $780 Expenses 620 Depreciation 50 EBT
Question 2 (10 points): Consider the following financial statements for year-end 2019. Cari Farm Income Statement 2019 Revenue $780 Expenses 620 Depreciation 50 EBT $110 Tax 39 Net Income $ 71 Dividends $ 22 I Cari Farm Balance Sheets December 31 2018 2019 Assets Cash $ 38 $ 45 Other current assets 143 140 Net Intermediate 320 408 assets: Total assets $501 $593 Liabilities & Equity Accounts payable $140 $143 Long-term debt 0 40 Stockholders' equity 361 410 Total liabilities & $501 $593 equity a. Explain the change in cash during the year 2019. b. Determine the change in net working capital. c. Determine the cash flow generated by the firm's assets during the year 2019.
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