You work as an analyst in the finance department for Trash Metals Limited. The company has been listed on the Abu Dhabi Stock Exchange (ADX) since 14 January 2005. The business operates in the Basic Materials sector and is involved with the discovery, development and processing of raw materials to be used in the construction of buildings in the GCC region, and in the recovery and recycling of used materials for reuse. This week, you have received a request from the company CFO to assess the firm's liquidity and cash position. You have two days to submit the report and have access to the following financial statement information for the company: Income Statement 2018 2017 Sales Cost of Goods Sold Gross Profit Operating Expenses EBITDA Depreciation EBIT Interest Expense EBT Income Tax Expense (40%) Net Income $1,840,000$1,780,000 ($680,000($700,000) $1.160,000 $1,080,000 (S620,000) ($420,000) $660,000 $320,000 ($320,000) 340,000 $540,000 $220,000 $86,000 S51,600 ($134,000)($134,000) $206,000 ($34,400) ($82,400) Balance Sheet 2018 $144,000 2017 $130,000 Cash Accounts Receivable Inventory Land and Building Machinery Other Fixed Assets Accounts Payable Notes Payable $88,000 $64,000 $180,000 $162,000 S476,000 $542,0 $244,000 $282,000 $210,000 S268,000 $114,000 $224,000 196,000 $178,000 $290,000 S392,000374,000 $192,000 Long-Term Debt Common Stock Retained Earnings 326,000 $312,000