Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the following information to answer this question. Note that OCF is $1,815 and Net Capital Spending is 895. What is the Cash Flow from
Use the following information to answer this question.
Note that OCF is $1,815 and Net Capital Spending is 895. What is the Cash Flow from Assets? |
A) $950 million
B) $940 million
C) $-450 million
D) $-20 million
E) $900 million
Windswept, Inc. Current Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid $10,200 7,800 355 2,045 94 $1,951 585 $1,366 $ 1,116 axable Income Less: Taxes Net income Dividends Windswept, Inc. Balance Sheets (S in millions) Last This Year Year $ 340 $ 360Accounts payable $1,820 $1,680 1050 1820 1740 Common stock S 3,300$ 3,110 Last This Year Year Cash Accounts rec Inventory Total CA Net fixed assets 3,570 4,110 Total assets 950Long-term debt $ 3,210 S 3,050 Retained eaings620 870 $6,780 $7160Total liab. & equity S 6,780 $ 7160Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started