Scenario "How is it possible? Again a loss!". Mr. John, President of UIBS Football Club, was really upset when his Chief Financial Officer, Mr. Jack, presented the Club's Financial Statements (Table 1 and 2) for the year 2019. Mr. John explains his point as follows: "I'm sure the financial results are incorrect, and now I'll tell you why I'm sure, by pointing out the following four pieces of evidence: 1. I remind you that in 2019 we were able to sell in advance all the season-tickets for 2020 season. So during 2019 we got more cash than ever: fans paid us not only for the matches played in 2019 but also for the future matches in 2020. I expected that this would have resulted in a super boost of our 2019 revenues in comparison with 20181 Instead, I see a decrease in revenues... this is not possible! 2. I am sure that in 2019 we signed an agreement with all our suppliers, thanks to which we acquired materials and services from them in 2019 but we will pay them in 2020. How it is possible to register an increase in costs! 3. Considering the loss we registered in 2018, in 2019 we needed to ask the bank for new borrowings. It was not easy to convince the bank to give us the money but... at the end we made it! Again... I can't understand why we registered a loss in 2019 considering all the cash we got from the bank! 4. Everybody knows that our young star Lucas Riva - he grew up in our Academy! - has now a Market Value of 100 million, at least I can't find this value in our Financial Statement, you need to include it!" I Mr. Jack tries to reply: "Ehm, with all the respect, Mr. John, but I am sure Financial Statement are correct! think you need an Accounting course to understand these figures...". Required Using the information provided in Table 1 (Balance Sheet) and Table 2 (Income Statement), please complete the following tasks: 1. Elaborate a comprehensive comment about Mr John's evidence n.01, explaining why you think he is right or wrong, pointing out which items of the Balance Sheet and/or Income Statement are involved and how they are recorded in the Financial Statements according to the International Accounting Standards. 2. Elaborate a comprehensive comment about Mr John's evidence n.02, explaining why you think he is right or wrong, pointing out which items of the Balance Sheet and/or Income Statement are involved and how they are recorded in the Financial Statements according to the International Accounting Standards. 3. Elaborate a comprehensive comment about Mr John's evidence n.03, explaining why you think he is right or wrong, pointing out which items of the Balance Sheet and/or Income Statement are involved and how they are recorded in the Financial Statements according to the International Accounting Standards. 4. Elaborate a comprehensive comment about Mr John's evidence n.04, explaining why you think he is right or wrong, pointing out which items of the Balance Sheet and/or Income Statement are involved and how they are recorded in the Financial Statements according to the International Accounting Standards. 5. Calculate Liquidity Ratios, Long-term Solvency Ratios and Profitability Ratios for 2018 and 2019 (where possible, according to the information you are provided with) and elaborate comments about the club's economic and financial situation and evolution, accordingly. 6. Considering that the President wants to register a Profit in 2020 (instead of a new loss), please suggest at least one action (i.e. business decision) to be taken by Mr. Jack (CFO) in 2020, having this goal in mind. Scenario "How is it possible? Again a loss!". Mr. John, President of UIBS Football Club, was really upset when his Chief Financial Officer, Mr. Jack, presented the Club's Financial Statements (Table 1 and 2) for the year 2019. Mr. John explains his point as follows: "I'm sure the financial results are incorrect, and now I'll tell you why I'm sure, by pointing out the following four pieces of evidence: 1. I remind you that in 2019 we were able to sell in advance all the season-tickets for 2020 season. So during 2019 we got more cash than ever: fans paid us not only for the matches played in 2019 but also for the future matches in 2020. I expected that this would have resulted in a super boost of our 2019 revenues in comparison with 20181 Instead, I see a decrease in revenues... this is not possible! 2. I am sure that in 2019 we signed an agreement with all our suppliers, thanks to which we acquired materials and services from them in 2019 but we will pay them in 2020. How it is possible to register an increase in costs! 3. Considering the loss we registered in 2018, in 2019 we needed to ask the bank for new borrowings. It was not easy to convince the bank to give us the money but... at the end we made it! Again... I can't understand why we registered a loss in 2019 considering all the cash we got from the bank! 4. Everybody knows that our young star Lucas Riva - he grew up in our Academy! - has now a Market Value of 100 million, at least I can't find this value in our Financial Statement, you need to include it!" I Mr. Jack tries to reply: "Ehm, with all the respect, Mr. John, but I am sure Financial Statement are correct! think you need an Accounting course to understand these figures...". Required Using the information provided in Table 1 (Balance Sheet) and Table 2 (Income Statement), please complete the following tasks: 1. Elaborate a comprehensive comment about Mr John's evidence n.01, explaining why you think he is right or wrong, pointing out which items of the Balance Sheet and/or Income Statement are involved and how they are recorded in the Financial Statements according to the International Accounting Standards. 2. Elaborate a comprehensive comment about Mr John's evidence n.02, explaining why you think he is right or wrong, pointing out which items of the Balance Sheet and/or Income Statement are involved and how they are recorded in the Financial Statements according to the International Accounting Standards. 3. Elaborate a comprehensive comment about Mr John's evidence n.03, explaining why you think he is right or wrong, pointing out which items of the Balance Sheet and/or Income Statement are involved and how they are recorded in the Financial Statements according to the International Accounting Standards. 4. Elaborate a comprehensive comment about Mr John's evidence n.04, explaining why you think he is right or wrong, pointing out which items of the Balance Sheet and/or Income Statement are involved and how they are recorded in the Financial Statements according to the International Accounting Standards. 5. Calculate Liquidity Ratios, Long-term Solvency Ratios and Profitability Ratios for 2018 and 2019 (where possible, according to the information you are provided with) and elaborate comments about the club's economic and financial situation and evolution, accordingly. 6. Considering that the President wants to register a Profit in 2020 (instead of a new loss), please suggest at least one action (i.e. business decision) to be taken by Mr. Jack (CFO) in 2020, having this goal in mind