7. An analyst gathered the following information from a company's 2020 and 2021 financial statements (in $ millions): Year ended 31 December 2020 2021 Retained earnings 130 165 39 44 Accounts receivable Inventory Accounts payable 37 30 In 2021, the company declared and paid cash dividends of $11 million and recorded depreciation expense in the amount of $20 million. The company considers dividends paid a financing activity. Compute the company's 2021 cash flow from operations (in $ millions) and provide your calculations and formula used (3) 8. An analyst has calculated a ratio using as the numerator the sum of operating cash flow, interest, and taxes and as the denominator the amount of interest. What is this ratio, what does it measure, and what does it indicate? (1) 46 49