1.As a financial manager,would you be more interested in the book value or market value of an asset? Why?

2.

Income statement for Draiman, Inc.:

Sales 795,000

Cost of Goods Sold 345,000

Depreciation 76,000

Earning Before Interest and Taxes 374,000 (EBIT)

Interest Paid 41,000

Taxable Income 333,000

Taxes (35%)116,550

Net Income 216,450

Using the information given in the question:

What is OCF?

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