Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based solely on the above information, calculate the firm's net cash flow from operations (CFO). the past 2 years for Awad You have just obtained

image text in transcribedimage text in transcribed

Based solely on the above information, calculate the firm's net cash flow from operations (CFO).

the past 2 years for Awad You have just obtained financial information for Corporation. Awad CORPORATION: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2020 2019 Sales $3,600.0 $3,000.0 Operating costs (excluding depreciation and amortization) 3,060.0 S540.0 2,550.0 $ 450.0 EBITDA 90.0 75.0 Depreciation and amortization Earnings before interest and taxes $ 375.0 Interest S450.0 65.0 Sw385.0 60.0 Earnings before taxes $ 315.0 Taxes (409) 154.0 126.0 Net income available to common stockholders 189.0 S231.0 S181.5 $ $ Common dividends 13.2 Awad CORPORATION: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2020 2019 Assets: Cash and marketable securities $ 36.0 $ 30.0 Accounts receivable 540.0 450.0 Inventories 540.0 600.0 Total current assets $1,116.0 $1,080.0 Net plant and equipment 900.0 750.0 Total assets $2,016.0 $1,830.0 S324 $ 270.0 Liabilities and equity: Accounts payable Notes payable Accruals 201.0 155.0 216.0 180.0 Total current liabilities $ 605.0 S241.0 450.0 450.0 Long-term bonds Total debt $1,191.0 $1,055.0 Common stock (50 million shares) 1.50.0 150.0 675.0 625.0 Retained earnings Total common equity Tulal liabilities and equily 825.0 $2,016.0 $ 775.0 $1,830.0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Finance For Non Financial Managers

Authors: Pierre Bergeron

6th Edition

0176501630, 9780176501631

More Books

Students also viewed these Finance questions

Question

What is strategic management and why is it important?

Answered: 1 week ago