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The Umbrella Corporation has the following Income statement and balance sheet for 1993. The firm paid out 50% of it's Net Income as Dividends. What

The Umbrella Corporation has the following Income statement and balance sheet for 1993. The firm paid out 50% of it's Net Income as Dividends. What is the firms Cash Flow From Assets from the Free Cash Flow Perspective? (in this problem you must use the Free Cash Flow method to get CFFA, using the Investors perspective method will not give you the same answer due to the limitations of the system.)

(Round to nearest penny and do not enter commas, e.g. 1234.56)

1993 Income Statement
Revenue 242164
Costs 12130
Depreciation 19852
Ebit
Interest Expense 9600
Taxable Income
Tax Expense @ 22%
Net Income

1993 Balance Sheet
Year 1992 1993 1992 1993
Current Assets 19978 17011 Current Liabilities 13336 16306
Fixed Assets 148437 169545 Long-Term Debt 129440 146491
Common Stock 30622 37573

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