Section 2 - (26 Marks) – Show Your Work 1. (17 Marks) Using the following account information for VicBra Inc. find the v

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Section 2 - (26 Marks) – Show Your Work
1. (17 Marks) Using the following account information for VicBra
Inc. find the values in the table below for 2020.
VicBra Inc.
2019 2020
Net Fixed Assets
63000
59850
Long-Term Debt
35000
32390
Sales
30450
34258
Retained Earnings
24100
26700
COGS
21300
24150
Current Assets
14200
27590
Common Stock
10500
12250
Accounts Payable
5500
7500
Depreciation Expense
3150
3150
Notes Payable
2625
9390
Interest Expense
1750
1750
Dividends Paid
525
790
Tax Rate
40%
40%
Operating Cash Flow?
Net Capital Spending?
Change in Networking Capital?
Cash Flow from Assets?
Cash from Creditors?
Cash Flow from Shareholders?
Cash Flow from Assets?
2. (9 Marks)
In class I talked about “hidden cash flows”? What was I
referring to? How are these relevant to our decision-
making process?
What is the most common reason a business fails?
What is the importance of CFFA? Why do we calculate it?