The following is Aberdeen Corps (hypothetical name) comparative Statement of Financial Position as 31^st December 2020 and 2019.

	2020	2019
Property, plant and equipment	3,900,000	2,200,000
Accumulated Depreciation	1,700,000	1,100,000
Inventory	10,000,000	8,000,000
Accounts Receivable	10,600,000	8,800,000
Cash	2,000,000	1,300,000
Total Assets	24,800,000	19,200,000
Share Capital Ordinary, 1 par	18,000,000	15,000,000
Retained Earnings	2,800,000	1,700,000
Accounts Payable	3,000,000	2,000,000
Income Tax Paybles	1,000,000	500,000
Total Equity and Liabilities	24,800,000	19,200,000

Additional Information:

Net income for 2020 was 4,400,000 and dividends of 3,300,000 were paid in 2020.

New equipment was purchased and none was sold.

Required:

1. Prepare a Statement of Cash Flows for 2020 for the company. Show all of your workings.
2. Compute the current ratio (current assets current liabilities) as of 1^st January 2019, and 31^st December 2020 and comment on Aberdeen Corps liquidity and financial flexibility.
3. Discuss the indictors of cash flow quality and explain why the operating cash flow is the cash flow that is generally most important for assessing a companys performance and valuing a company or its securities.