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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

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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 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 240780 Costs 39893 Depreciation 17177 Ebit Interest Expense 8153 Taxable income Tax Expense @ 22% Net Income 1993 Balance Sheet Year 1992 1993 1992 1993 19971 Current Assets 18235 14780 15358 Current Liabilities 153164 160115 Fixed Assets 148375 146822 Long- Term Debt 38314 38325 Common Stock

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