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1-3 ANSWER THE FOLLOWING QUESTIONS BASED ON EXHIBIT 1: 1....

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ANSWER THE FOLLOWING QUESTIONS BASED ON EXHIBIT 1: 1. Was the company profitable in 2015? Explain how you reached this conclusion. 2. Did the company make an acquisition in 2015? Explain how you reached this conclusion 3. Was the increase in accounts receivable a source or use of cash in 2015? Focus E S sh (United States) Yo w fx 124 A B 1 EXHIBIT 1 2 Assets x v C 2014 2015 Current Assets Cash Accounts Receivable Inventory Prepaid Expenses 3,417 4,854 1,271 631 3,312 5,100 1,330 650 PPE Goodwill 32,875 3,450 33,600 3,670 Total Assets 46,498 47,662 15 Liabilites Current Liabilities Accounts Payable Current Portion Debt (CPLTD) 6,109 2,350 6,305 1,200 Senior Debt Subordinated Debt 21,000 5,500 20,800 5,500 Total Liabilites 34,959 33,805 26 Shareholders' Equity Common Stock Retained Earnings 7,545 29 7,545 3,994 6,312 31 EXHIBIT 2 Sheet1 Select destination Sheet2

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