Question
Based on the following information for NAC Services, answer the questions below: 2020 2021 Service Revenue 5,004 5,883 Depreciation 325 279 Interest expense 563 544
Based on the following information for NAC Services, answer the questions below:
| 2020 | 2021 | ||||
| Service Revenue | 5,004 | 5,883 | |||
| Depreciation | 325 | 279 | |||
| Interest expense | 563 | 544 | |||
| Dividends | 60 | 100 | |||
| Current assets | 1,254 | 1,366 | |||
| Net fixed assets | 4,922 | 5,643 | |||
| Current liabilities | 365 | 574 | |||
| Long term debt | 6,100 | 5,300 | |||
a. Calculate net income for 2021. (3 marks)
b. Calculate the operating cash flow for 2021 (3 marks)
c. Calculate the cash flow from assets for 2021 (4 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Banking And Finance Managing The Moral Dimension
Authors: James Lynch
1st Edition
1855731762, 978-1855731769
