Use the accompanying financial statements for Johnson Manufacturing, Inc. and the industry average ratios to answer all the questions that follow. The company stock trades at $23 per share. Johnson Manufacturing, Inc. Income Statement (in Millions of Dollars)) Save Net sales Operating costs excluding depreciation and amortization Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Amortization Depreciation and amortization Earnings before interest and taxes (EBIT, or operating income) Less interest Earnings before taxes (EBT) Taxes (40%) Net income before preferred dividends Preferred dividends Net income Common dividends 2020 $3,000.0 2,616.2 $ 383.8 100.0 0.0 $ 100.0 $ 283.8 88.0 S 195.8 78.3 $ 117.5 4.0 $ 113.5 $ 57.5 2019 $2,850.0 2,497.0 S 353.0 90.0 0.0 $ 90,0 263.0 60.0 S 203.0 81.2 S 121.8 4.0 $117.8 $ 53.0 Johnson Manufacturing, Inc. Balance Sheet (in Millions of Dollars) 2020 LIABILITIES AND EQUITY S 10 Accounts payable 375 Notes payable 615 Accruals ASSETS Cash and marketable securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Industry Average Ratios Ratio Current ratio Days' Sales Outstanding Inventory turnover (based on sales instead of cost of goods sold) Fixed asset turnover $1,000 1,000 Total asset turnover $2,000 2019 $ 80 315 415 $ 810 870 $1,680 Total current liabilities Long-term bonds Total liabilities Preferred stock (400,000 shares) Common stock (50,000,000 shares) Retained earnings Total common equity Total liabilities and equity Industry Average (2020) 4.2 9.0X 36 days 3.0X 1.8X 2020 $ 60 110 140 S 310 754 $1,064 40 130 766 S 896 $2,000 2019 $ 30 60 130 $ 220 580 $ 800 40 130 710 $ 840 $1,680 Construct a statement of cash flows for Johnston Manufacturing, Inc. for 2020. What is the net cash flow provided by financing activities? O $162.5 million O $165.8 million O $167.9 million O $168.7 million What is the operating cash flow of the company in 2020? O $268.5 million $270.3 million O $271.8 million O $272.4 million