You have the following information (denoted in millions) about XYZ corp for

June 30, 2020: Current Assets=1500, Current Liabilities=1350, Fixed Assets=4000 and

June 30, 2021: Current Assets=1600, Current Liabilities=1400, Fixed Assets=4800

And the following revenue and expense information for the period from 7/1/20 to 6/30/21

Sales = 5900, COGS = 2400, Fixed Costs=1250, Depreciation = 900, Interest Paid = 650, Dividends = 150,

Tax Rate=20%

No new equity was raised.

1. Construct the income statement for ABC corporation.

2. Find operating cash flow, CAPEX (aka Net Capital Spending), and change in net working capital.

3. Find cash flow from assets and new borrowing

Answer rating: 100% (QA)

1 Income Statement for XYZ Corporation Revenue Sales 5900 million Costs Cost of Goods Sold COGS 2400 million Fixed Costs 1250 million Depreciation 900 ... View the full answer