Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine the company's Cash flow from the followint financial statements and compute the firm's Free Cash Flows. ARG INC Income Statement for the years ending

image text in transcribed

Determine the company's Cash flow from the followint financial statements and compute the firm's Free Cash Flows.

ARG INC Income Statement for the years ending December 31 2019 2018 2017 ($'000) ($'000) ($'000) Revenue Cost of Goods sold Profit before interest & tax Interest Earnings before tax Tax Net Income Dividends 5,200 4570 630 70 560 140 420 20 3400 2806 594 34 560 140 420 20 2600 2104 496 3 493 123 370 20 Retained profit 400 400 350 ARG Inc Balance Sheet as at December 31 2019 ($'000) 2018 ($'000) 2017 ($'000) Fixed Assets 1,600 1,200 800 Current Assets Inventory Accounts Receivable 1,450 1,400 1,000 850 600 400 2,850 1,850 1,000 Total Assets 4,450 3,050 1,800 Current Liabilities Ordinary shares Reserves 2,300 1,000 1,150 1,300 1,000 750 450 1,000 350 Total Liabilities & Owners Equity 4,450 3,050 1,800

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

Competing On Analytics The New Science Of Winning

Authors: Thomas H Davenport, Jeanne G Harris, Gary Loveman

1st Edition

1422103323, 9781422103326

More Books

Students also viewed these Finance questions

Question

How do you talk about your complaining customers?

Answered: 1 week ago