The objective of this assignment is to enhance your understanding of Cash Flow Statement and its components. It also aims to enhance your understanding of the implications of cash flow statements for the firm. Please use the attached spreadsheet to answer the following questions for Polaris Inc. Show all your calculations in Excel; please use formulas so that I can follow your calculations. Do not insert calculated figures in cells. Also, Insert a textbox in your spreadsheet to answer all the questions in written form. Make sure your explanations are clear and meaningful. 1. How much NOWC investment did Polaris make in 2019 and 2020? Did the NOWC investment infrease or decrease from 2019 to 2020 ? What is the implication on cash flows? Did changes in NOWC make more or less cash available for the company? 2. How much cash did Polaris generate from operations in 2020 ? 3. How much cash did Polaris use to acquire fixed assets in 2020 ? 4. Are there any other long-term assets acquired or disposed of by Polaris in 2020 ? 5. What is the CF from Investing in 2020? How much cash did Polaris use to acquire assets? 6. Did Polaris raise funds by borrowing or issuing equity? How much? 7. How much dividend did Polaris pay to its shareholders? 8. What are Polaris' cash flows from financing activities? 9. What is the total of CF from Operating, Investing, and Financing activities? Is this equal to the change in cash balance from 2019 to 2020 ? Polaris Sources and Uses and Cash Flow Statement \begin{tabular}{|r|r|r|r|} \hline 35 & Net PPE & 1,010 & 1,014 \\ \hline 36 & Goodwill \& Other Intangible Assets & 1,490 & 1,463 \\ \hline 37 & Other Assets & 303 & 327 \\ \hline 38 & Total Assets & 4,429 & 4,921 \\ \hline 39 & Liabilities \& SE & & \\ \hline 40 & Debt due in one year & 167 & 142 \\ \hline 41 & Accounts Payable & 450 & 782 \\ \hline 42 & Accrued Liabilities & 870 & 908 \\ \hline 43 & Other Current Liabilities & 41 & 57 \\ \hline 44 & Total Current Liabilities & 1,528 & 1,889 \\ \hline 45 & Long Term Debt & 1,512 & 1,294 \\ \hline 46 & Other LT Liabilities & 281 & 305 \\ \hline 47 & Total Liabilities & 3,321 & 3,488 \\ \hline 48 & Common Stock & 1 & 1 \\ \hline 49 & Additional Paid in Capital & 893 & 984 \\ \hline 50 & Retained Earnings & 215 & 449 \\ \hline 51 & Total Shareholders Equity & 1,109 & 1,434 \\ \hline 52 & Total Liabilities \& SE & 4,430 & 4,922 \\ \hline \end{tabular} The objective of this assignment is to enhance your understanding of Cash Flow Statement and its components. It also aims to enhance your understanding of the implications of cash flow statements for the firm. Please use the attached spreadsheet to answer the following questions for Polaris Inc. Show all your calculations in Excel; please use formulas so that I can follow your calculations. Do not insert calculated figures in cells. Also, Insert a textbox in your spreadsheet to answer all the questions in written form. Make sure your explanations are clear and meaningful. 1. How much NOWC investment did Polaris make in 2019 and 2020? Did the NOWC investment infrease or decrease from 2019 to 2020 ? What is the implication on cash flows? Did changes in NOWC make more or less cash available for the company? 2. How much cash did Polaris generate from operations in 2020 ? 3. How much cash did Polaris use to acquire fixed assets in 2020 ? 4. Are there any other long-term assets acquired or disposed of by Polaris in 2020 ? 5. What is the CF from Investing in 2020? How much cash did Polaris use to acquire assets? 6. Did Polaris raise funds by borrowing or issuing equity? How much? 7. How much dividend did Polaris pay to its shareholders? 8. What are Polaris' cash flows from financing activities? 9. What is the total of CF from Operating, Investing, and Financing activities? Is this equal to the change in cash balance from 2019 to 2020 ? Polaris Sources and Uses and Cash Flow Statement \begin{tabular}{|r|r|r|r|} \hline 35 & Net PPE & 1,010 & 1,014 \\ \hline 36 & Goodwill \& Other Intangible Assets & 1,490 & 1,463 \\ \hline 37 & Other Assets & 303 & 327 \\ \hline 38 & Total Assets & 4,429 & 4,921 \\ \hline 39 & Liabilities \& SE & & \\ \hline 40 & Debt due in one year & 167 & 142 \\ \hline 41 & Accounts Payable & 450 & 782 \\ \hline 42 & Accrued Liabilities & 870 & 908 \\ \hline 43 & Other Current Liabilities & 41 & 57 \\ \hline 44 & Total Current Liabilities & 1,528 & 1,889 \\ \hline 45 & Long Term Debt & 1,512 & 1,294 \\ \hline 46 & Other LT Liabilities & 281 & 305 \\ \hline 47 & Total Liabilities & 3,321 & 3,488 \\ \hline 48 & Common Stock & 1 & 1 \\ \hline 49 & Additional Paid in Capital & 893 & 984 \\ \hline 50 & Retained Earnings & 215 & 449 \\ \hline 51 & Total Shareholders Equity & 1,109 & 1,434 \\ \hline 52 & Total Liabilities \& SE & 4,430 & 4,922 \\ \hline \end{tabular}