##### Question 1 -- Cash Flows Answer all question parts below. Use blank spaces...

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##### Question 1 -- Cash Flows Answer all question parts below. Use blank spaces to perform any necessary calculations. CELL REFERENCE AND USE EXCEL FUNCTIONS APPROPRIATELY. Format appropriately. a) Moonshine Sunrooms Ltd. shoved the following operating results for last year, ending December 31, 2020: Sales Cost of Goods Sold Other expenses Depreciation expense Interest paid Tax rate Retention Ratio $ 125,170 $ 60,750 $ 3,200 $ 1,200 $ 2,000 30% 60% During the year, Moonshine issued $17,000 in additional common shares and reduced its long-term debt by $6,400. Calculate the following: Earnings before Int & 1 EBIT Operating Cash Flow OCF Cash Flow to Creditors CFC Cash Flow to Sharehol CFS Cash Flow From Asset: CFFA What the Dividend Payout Ratio? b) What is the Dividend Payout Ratio? c) What does the Dividend Payout Ratio mean

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