Refer to PB1-1.
Data From PB1-1.
Assume that you are the president of Aerospace Explorations. At the end of the first year of operations (December 31, 2017), the following financial data for the company are available:
Required:
1. Evaluate whether the company was profitable.
2. Evaluate whether the company could have paid a greater amount in dividends.
3. Evaluate whether the company is financed mainly by creditors or shareholders.
4. Determine the amount of cash increase or decrease that would be shown in the statement of cash flows.
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