Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information for the next 3 questions, Below are summary numbers from reformulated balance sheets for 2019 and 2018 for TJ Max Corporation,

image text in transcribed
image text in transcribed
Use the following information for the next 3 questions, Below are summary numbers from reformulated balance sheets for 2019 and 2018 for TJ Max Corporation, along with numbers from the reformulated income statement for 2019 (in millions). $ Operating assets Operating liabilities Financial assets Financial obligations 2019 21.6473 7,925 666 8,554 2018 18,584 7,373 504 6,276 Operating income (after tax Net financial assets (after tale 4,175 374 Question 11 (4 points) Calculate free cash flow for 2019 $1.112 $3,623 $1.290 $1,664 Question 12 (4 points) Calculate the comprehensive income for 2019. $3.801 $3.725 $3,509 54.549 Question 13 (4 points) Below are summary numbers from reformulated balance sheets for 2019 and 2018 for Liquidity Company along with numbers for the reformulated income statement for 2019 (in millions of dollars) Operating assets Operating liabilities Financial assets Financial obligations 2019 $21,897.0 9,002.0 824.0 7,452.0 2018 $20,110.0 8,794.0 747.0 5,174.0 Operating income (after tax) Net financial expense (after tax) $3,141.0 648.0 The net payout to shareholders (dividends and share repurchases minus share issues) in 2019 was $3,115 million. Calculate free cash flow for 2019 using either Method 1 or Method 2 introduced in Chapter 11. O $1,354 million $1,669 million O $2,210 million $1,562 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Ulric J. Gelinas, Richard B. Dull

10th edition

9781305176218, 113393594X, 1305176219, 978-1133935940

Students also viewed these Finance questions