Homework Answers
a) current ratio = (current asset/ current liabilities)
Current ratio in 2009
Current asset=$100,current liabilities= $60
Current ratio= 100/60
= 1.66 : 1
Current ratio in 2010
Current asset=$150,current liabilities = $60
Current ratio=150/60
=2.5 : 1
b) revenue. =. 2280
Less cost of good sold. (-)1030
= Gross profit. = 1250
Less interest expense. (-)240
Income from continuing operation before income tax = $ 1010
C)A's net income=EBIT- tax
1010 - 35%of 1010=$656.5
D)Co; A' s fixed asset =$ 880
E) operating cash flow of company A in 2010=
( Earning after tax )$656.5+ depreciation
= $656.5+$360=$1016.5
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