Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) b) please elaborate how you got the answer so i can see where i am messing up. Thank you in advance! Rainy Corp has

a) image text in transcribed
b)
image text in transcribed
please elaborate how you got the answer so i can see where i am messing up. Thank you in advance!
Rainy Corp has total assets of $196 mil, revenues of $67 mil, Inventories of $8 mil and Cost of Goods Sold of $48 mil. On the Rainy's common size income statement what percentage would cost of Goods Sold be? (Express answer in 4 decimals (25.02% would be 0.2502) Cranky Corp earned Net Income of $258 mil in 2019. In 2019, the depreciation expense was $257 mil. The change in Current Assets was $-40 mil and the change in current liabilities was $-64 mil. What was Cranky's cash flow from operations in 2019 in millions of dollars? (don't add zeroes)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions