Below are a balance sheet and an income statement that have been reformulated according to the templates
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Below are a balance sheet and an income statement that have been reformulated according to the templates laid out in this chapter. Ignore income taxes.
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Income Statement 2012
Operating revenues .......................................134.5
Operating expenses ................................... (112.8)
Operating income ........................................... 21.7
Interest revenues .............................................. 2.5
Interest expenses ........................................... (9.6)
Comprehensive income ................................. 14.5
a. How much was paid out in net dividends during 2012?
b. What is free cash flow for 2012?
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...
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The reformulated balance sheet a Dividends Net income DCSE Cleansurplus equation 19 These ar...View the full answer
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Related Book For 
Financial Statement Analysis and Security Valuation
ISBN: 978-0078025310
5th edition
Authors: Stephen Penman
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