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A). The Umbrella Corporation has the following Income statement and balance sheet for 1993. The firm paid out 50% of it's Net Income as Dividends.

A). The Umbrella Corporation has the following Income statement and balance sheet for 1993. The firm paid out 50% of it's Net Income as Dividends. What is the firms Cash Flow From Assets from the Free Cash Flow Perspective? (in this problem you must use the Free Cash Flow method to get CFFA, using the Investors perspective method will not give you the same answer due to the limitations of the system.)

(Round to nearest penny and do not enter commas, e.g. 1234.56)

1993 Income Statement
Revenue 244748
Costs 58630
Depreciation 17529
Ebit
Interest Expense 12253
Taxable Income
Tax Expense @ 22%
Net Income

1993 Balance Sheet
Year 1992 1993 1992 1993
Current Assets 18307 18407 Current Liabilities 16644 14220
Fixed Assets 159003 170106 Long-Term Debt 137190 153117
Common Stock 37315 32102

B). Aperture Science has net working capital of $622, long term debt of $10893, fixed assets of $11260, and total assets of 19433, what is the firms total liabilities? (Round to nearest penny and do not enter commas, e.g. 1234.56)

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