E17.1. Following the Trail: Identifying Hard and Soft Components of Income (Easy) firm reported after-tax operating income

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E17.1. Following the Trail: Identifying Hard and Soft Components of Income (Easy) firm reported after-tax operating income of $1,298 million. Free cash flow of $234 mil- Fon was calcuated from the cash flow statement, A

a. Identify the "hard" and "soft" components of the income.

b. The free cash flow is after $687 million in cash investments. What were the operating accruals for the year?

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Financial Statement Analysis And Security Valuation

ISBN: 9780071267809

4th International Edition

Authors: Penman-Stephen-H, Steven Penman

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