Question
Question 5 (20 marks) Bill Sing's manager was not impressed with his work on the other question. Bill tried to find the answers on
Question 5 (20 marks) Bill Sing's manager was not impressed with his work on the other question. Bill tried to find the answers on Chegg and Course Hero but was not successful. The boss really wants to fire Bill because of his lack of financial knowledge (he cheated throughout his studies), even though Bill Sing claims to have scored a 95% in Managerial Finance. As a sign of good faith, the boss gives Bill one more opportunity to prove himself. The following information was provided by the company Rotomac Inc. a. Prepare a Statement of Comprehensive Income (both years) b. Prepare a Statement of Financial Position (both years) c. Calculate Operating Cashflow for the year 2020 4 d. Interest expense has decreased significantly in 2020. In a brief sentence or two explain why this may have occurred. e. Depreciation expense has decreased significantly in 2020. In a brief sentence or two explain why this may have occurred.
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