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For AAA Incorporated: Cash flows from assets = 100 dollars EBIT (from 1999 INCOME STATEMENT) = 0 dollars depreciation expense (from 1999 INCOME STATEMENT )

For AAA Incorporated:

Cash flows from assets = 100 dollars

EBIT (from 1999 INCOME STATEMENT) = 0 dollars

depreciation expense (from 1999 INCOME STATEMENT ) = 0 dollars

taxes (from 1999 INCOME STATEMENT ) = 0

fixed assets from BALANCE SHEET dated December 31, 1998 = 1400 dollars

fixed assets from BALANCE SHEET dated December 31, 1999 = 1300 dollars

Additions to (Changes in) NWC for 1999 = 0 dollars

For BBB Incorporated:

Cash flows from assets = 0 dollars

EBIT (from 1999 INCOME STATEMENT) = 500 dollars

depreciation expense (from 1999 INCOME STATEMENT ) = 100 dollars

taxes (from 1999 INCOME STATEMENT ) = 100

fixed assets from BALANCE SHEET dated December 31, 1998 = 1400 dollars

fixed assets from BALANCE SHEET dated December 31, 1999 = 1800 dollars

Additions to (Changes in) NWC for 1999 = 0 dollars

For CCC Incorporated:

Cash flows from assets = 100 dollars

EBIT (from 1999 INCOME STATEMENT) = 0 dollars

depreciation expense (from 1999 INCOME STATEMENT ) = 100 dollars

taxes (from 1999 INCOME STATEMENT ) = 0

fixed assets from BALANCE SHEET dated December 31, 1998 = 1400 dollars

fixed assets from BALANCE SHEET dated December 31, 1999 = 1300 dollars

Additions to (Changes in) NWC for 1999 = 0 dollars

Based only on the numbers provided, which company is doing the best ? In other words, if you were an individual investor, which company would you invest?

A. AAA INCORPORATED

B. BBB INCORPORTATED.

C. CCC INCORPORATED

D. You are indifferent between AAA INCORPORATED and CCC INCORPORATED

E. You are indifferent amongst AAA INCORPORATED, BBB INCORPORTATED, and CCC INCORPORATED

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