A leading AI technology firm ATOOL, is publicly traded on the US stock market with shares currently valued at $15 each. Some information from its annual report of Year 2023, is presented in the following tables (Unit=’1000). Income Statement (2023)Sales $21,800Cost of goods sold $15,050Depreciation $4,150EBIT $2,600Interest $1,830Taxable income $870Taxes (34%) 296Net income $574 Balance Sheet 2022 2023Current assets $3,800 $6,930Net fixed assets $23,650 $26,800Current liabilities $2,700 $3,150 Compute the cash flow from assets (CFFA) of ATOOL for the year 2023 and show how you interpret the number you get for CFFA.
A leading AI technology firm ATOOL, is publicly traded on the US stock market with shares currently valued at $15 each. Some information from its annual report of Year 2023, is presented in the following tables (Unit=’1000). Income Statement (2023)Sales $21,800Cost of goods sold $15,050Depreciation $4,150EBIT $2,600Interest $1,830Taxable income $870Taxes (34%) 296Net income $574 Balance Sheet 2022 2023Current assets $3,800 $6,930Net fixed assets $23,650 $26,800Current liabilities $2,700 $3,150 Compute the cash flow from assets (CFFA) of ATOOL for the year 2023 and show how you interpret the number you get for CFFA.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A leading
Income Statement (2023)
Sales $21,800
Cost of goods sold $15,050
Depreciation $4,150
EBIT $2,600
Interest $1,830
Taxable income $870
Taxes (34%) 296
Net income $574
2022 2023
Current assets $3,800 $6,930
Net fixed assets $23,650 $26,800
Current liabilities $2,700 $3,150
Compute the cash flow from assets (CFFA) of ATOOL for the year 2023 and show how you interpret the number you get for CFFA.
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