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2. (3 points) Consider the following abbreviated financial statements for Cabo Wabo, Inc: CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and

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2. (3 points) Consider the following abbreviated financial statements for Cabo Wabo, Inc: CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and 2016 Assets Current Assets Net Fixed Assets 2015 S2,665 12,355 2016 S 2,824 12,917 Liabilities Current Liabilities Long-term debt 2015 $ 1,151 6,739 2016 $1,691 7,862 CABO WABO, INC. 2016 Income Statement Sales Costs Depreciation Interest Paid $39,870 19,994 3,367 624 a. What is the operating cash flow in 2016 (The tax rate is 40 percent) b. What is the cash flow from assets for 2016 3. (1 point) Ratio analysis. You would like to examine the financials of Facebook and compare them to Facebook's competitors. Go to Morningstar's competitor analysis for Facebook at http:/financials.morningstar.com/competitors/industry eer.action?t=FB&.region-usa&culture-en-CA What is the operating margin for Facebook, how is operating margin calculated (note: this is a ratio in our book) a. b. How does Facebook's operating margin compare to its top competitors

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