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Exercise 4 Following information is extracted from the books of GMN Limited- a. Current Accounts 2016: CA = 22,900; CL = 15,300 2015: CA =

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Exercise 4 Following information is extracted from the books of GMN Limited- a. Current Accounts 2016: CA = 22,900; CL = 15,300 2015: CA = 17,600; CL = 12,400 b. Fixed Assets and Depreciation 2016: NFA = 98,100; 2015: NFA = 75,700 Depreciation Expense = 2700 c. Long-term Debt and Equity (R.E. not given) 2016: LTD = 47,000; Common stock & APIC = 1,400 2015: LTD = 35,850; Common stock & APIC = 1,400 d. Income Statement EBIT = 22,000; Taxes = 1400 Interest Expense = 2,640; Dividends = 2,700 Required: 1. Compute the cash flow from asset for GMN Limited- Comment on usefulness of cash flow from asset in financial decision n

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