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Dont use Excel, type it out, show all work. Consider Banana Co. has the following income statement and balance sheet data for FY 2018. Suppose
Dont use Excel, type it out, show all work.
Consider Banana Co. has the following income statement and balance sheet data for FY 2018. Suppose half of the net income in FY 2018 is spent as dividends, and the other half is added to retained earnings. In FY 2017, total shareholders' equity = 700. Use the following information, please compute CF to shareholders. Round your answer to two decimal places. FY 2018 Sales 2,262 Cost of goods sold 1,655 Depreciation 90 Other operating expenses 298 Interest expenses 45 Tax rate 34% Current assets 761 Net fixed assets 1.118 Current liabilities 603 Long-term liabilities 460Step by Step Solution
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