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.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 $21,800
Cost of goods sold $15,050
Depreciation $4,150
EBIT $2,600
Interest $1,830
Taxable income $870
Taxes (34%) 296
Net income $574


Balance Sheet
                               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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