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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
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 $1,830.0Step by Step Solution
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