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The Income statement is provided below the question. Please show cell formulas and screen shots thank you 2. Balance Sheet (2019/20 millions of dollars) Assets

The Income statement is provided below the question. Please show cell formulas and screen shots thank you

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2. Balance Sheet (2019/20 millions of dollars) Assets 2019 2020 Liab. & Common Equity 2019 2020 Current Assets $2130 $2260 Current Liabilities $1620 $1710 Fixed Assets $500 $750 LT Debt $800 $1041 Total Liabilities $2420 $2751 Common Stock $210 $210 Total Assets $2630 $3010 Add to Retained $0 $49 Total Liab. & Equity $2630 $3010 Given the above Income Statement and Balance Sheet from 2019-20, compute the Cash Flow from Assets (include: Operating Cash Flow, Net Capital Spending and Net Working Capital), CFC, and CFS. Briefly explain the significance of this Cash Flow analysis in terms of where the cash is "coming from" and how it is being used" (final results on OCF, Change in NWC, Change in Cap Spending; components of CFC and CFS) as well as how this company is financing its asset growth. (9 points) Calibri (Body) 12 Paste B I U E13 fx B C A 1 1 Income Statement 2 3 Sales 4 Less: Costs of Goods Sold 5 Gross Profit 6 Less: Depreciation 7 EBIT 8 Less: Interest Expense 9 EBT 10 Less: Taxes 11 Net Income 12 Less: Dividend 13 Addition to retained Earnings 14 15 600 300 300 150 150 30 120 41 79 30 49

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