Reference no: EM132601639

Following information has been taken from Ms. Ericson & Co. for the period ended December 2019. You are required to make: 

a. "Cash Flow Statement" Indirect Method

b. "Analyze the Performance of the Company" on the basis of all of the "Cash Generating Activities"?

c. Area of improvements for the next Financial Year.

Amount in Rs.000

Assets                                   2019                 2018

Cash                               60,000            10,000

Account Receivables          28,000          60,000

Inventory                        122,000        120,000

Plant & Equipment            340,000        320,000

Accumulated Depreciation  (55,000)         (20,000)

Total                              495,000          490,000

Amount in Rs.000

Equity & Liability                  2019                    2018

Account Payable              73,000                 50,000

Accrued Expenses              4,000                 17,000

Long Term Bond Payable      203,000             245,000

Stock Capital                       135,000            120,000

Retained earning                      80,000           58,000

Total                                   495,000           490,000

During the year, the company declared and paid Cash Dividend of Rs.25,000.