Balance Sheet (in million EUR) Assets 2017 2018 Liabilities and shareholders’ equity 2017 2018 Current assets Cash Marke

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Balance Sheet (inmillion EUR)
Assets
2017
2018
Liabilities and shareholders’ equity
2017
2018
Current assets
Cash
Marketable securities
Inventory
Accounts receivable
Total current assets
7.5
4.5
22
32
66
6
0
39
37.5
82.5
Current liabilities
Bank loans
Accounts payable
Total current liabilities
10
21
31
7.5
30
37.5
Fixed assets
Gross investment
Less depreciation
Net fixed assets
60
12
48
84
24
60
Long-term debt
Net worth
8
75
7.5
97.5
Total Assets
114
142.5
Total liabilities and owners’ equity
114
142.5
Income Statement(2018, in million EUR)
Sales
Operating costs
Depreciation
510
444
12
EBIT
Interest
Pre-tax income
Tax (50%)
Net Income
54
3
51
25.5
25.5
Note: Dividend = 3
In Question 6, please provide theSources and Uses analysis and identify the increase in cashbalance. Does your answer match with the items on the balancesheet? How?
In Question 6, if you want to reducethe cash conversion cycle, what can you do?