using the financial statements

Use the financial statement information to answer the following questions. January 2020 - December 2020 Sales 10,000,000 Cost of Goods 4.000.000 Sold Gross Profit 6,000,000 General Administrative 3,000,000 Expenses Depreciation 1.000.000 Operating 2,000,000 Income 500,000 Interest Expense Taxes (20%) Net Income 500.000 1,000,000 12/31/2020 12/31/2019 12/31/2020 12/31/2019 Cash 500,000 1,000,000 1,250,000 Accounts Receivable Accounts 250,000 Payable Accrued 600,000 Expenses 500,000 500,000 750.000 Total 12/31/2020 12/31/2019 12/31/2020 12/31/2019 Cash 500,000 1,000,000 1,250,000 500,000 500.000 Accounts Receivable 750.000 Accounts 250,000 Payable Accrued 600,000 Expenses Total 950.000 Current Liabilities Inventory 1.000.000 1,500,000 2,000,000 Total Current Assets 2,000,000 1,800,000 Long- term Debt 1.500.000 1,000,000 Gross Fixed Assets 7,500,000 Total 6,700,000 Liabilities 3,000,000 3,000,000 Accumulated Depreciation 4,500,000 4,000,000 Net Fixed Assets Common 3,000,000 2,700,000 Equity 2,000,000 1,500,000 Total Assets 5,000,000 4,500,000 Liabilities & Equity 5,000,000 4,500,000 Question 9 2. P Using the above financial statements, the operating cash flow (OCF) for the business is closest to: 2,000,000 O 2,600,000 O 3,000,000 Question 10 2. p Using the above financial statements, the increase in net working capital is closest to: O 200,000 300,000 O 500,000