2. Below are reformulated balance sheet and income statement of a company (no financial liabilities). Complete the reformulated financial statements by filling in the missing numbers. What is the free cash flows in 2021 and 2022 respectively? Total Operating Assets Total Operating Liabilities Total Financing Assets Shareholders' Equity: 2020 19,000 2021 2022 20,500 22,000 2,100 2,300 1700 12,400 14,800 15,500 Operating income (after tax) 2021 2022 1,400 2,100 Net financing income (after tax) Comprehensive Income $1,100 $1,700

2. Below are reformulated balance sheet and income statement of a company (no financial liabilities). Complete the reformulated financial statements by filling in the missing numbers. What is the free cash flows in 2021 and 2022 respectively? Total Operating Assets Total Operating Liabilities Total Financing Assets Shareholders' Equity: 2020 19,000 2021 2022 20,500 22,000 2,100 2,300 1700 12,400 14,800 15,500 Operating income (after tax) 2021 2022 1,400 2,100 Net financing income (after tax) Comprehensive Income $1,100 $1,700

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 6MC: Selected information from Brook Corporations accounting records and financial statements for 2019...

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