Below are a balance sheet and an income statement that have been reformulated according to the templates laid out in this chapter. Ignore income taxes.

Income Statement 2012

Operating revenues .......................................134.5
Operating expenses ................................... (112.8)
Operating income ........................................... 21.7
Interest revenues .............................................. 2.5
Interest expenses ........................................... (9.6)
Comprehensive income ................................. 14.5

a. How much was paid out in net dividends during 2012?
b. What is free cash flow for 2012?

Balance Sheet Liabilities and Equity Assets 2012 2012 2011 2011 Operating liabilities Financial liabilities Shareholders' equity Operating assets Financial assets 205.3 45.7 189.9 42.0 40.6 120.4 34.2 120.4 77.3 0'06 251.0 251.0 231.9 231.9