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4. Use the balance sheet and income statement below to construct a statement of cash flows for 2016 for Mamun Constructions.

Balance Sheet of Mamun Constructions (millions of dollars)
	2015	2016		2015	2016
Assets			Liabilities
Current Assets			Current Liabilities
Cash	$65	$75	Accrued Wages and Taxes	$43	$40
Accounts Receivable	$110	$115	Accounts Payable	$80	$90
Inventory	$190	$200	Notes Payable	$70	$80
Total Current Assets	$365	$390	Total Current Liabilities	$193	$210
Fixed Assets			Long-term Debt	$280	$300
Gross Plant and Equipment	$471	$580	Equity: Stockholders equity
Less Depreciation	$100	$110	Preferred Stock (2 million shares)	$5	$5
Net: Plant and Equipment	$371	$470	Common Stock ( 5 million shares)	$65	$65
Other Long-term Assets	$49	$50	Retained Earnings	$242	$330
Total	$420	$520	Total	$312	$400
Total Assets	$785	$910	Total Liabilities and Equity	$785	$910

Income Statement of Mamun Construction

(Missions of dollars)

	2015	2016
Net Sales (All Credits)	$432	$515
Less: Cost of Goods sold	$200	$260
Gross Profits	$232	$255
Less: Depreciation	$20	$22
Earnings Before interest and taxes (EBIT)	$212	$233
Less: Interest	$30	$33
Earnings before taxes	$182	$200
Less: taxes	$55	$57
Net Income	$127	$143
Less: Preferred Stock Dividends	$5	$5
Net Income Available to common stock holders	$122	$138
Less: Common Stock Dividend	$65	$65
Addition to retained earnings	$57	$73

Calculate the following ratios:

a. Current ratio

b. Quick ratio

c. Days sales in receivables

d. Days sales in inventory

e. Sales to fixed assets

f. Total assets turnover

g. Debt to assets

h. Times interest earned

i. Cash flow to debt

j. Gross margin

k. Profit margin

l. ROA

m. ROE

n. Dividend payout ratio

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