E7.4. Using Accounting Relations (Medium)

Beloware a balancesheetandan income statement thathavebeenreformulated according to the templates laidout in this chapter.

Balance Sheet Assets Liabilities and Equity 2009 2008 2009 2008 Operating assets Financial assets 205.3 189.9 Operating liabilities 40.6 34.2 45.7 42.0 Financial liabilities 120.4 120.4 Shareholders' equity 90.0 77.3 251.0 231,9 251.0 231.9 Operating revenues Operating expenses Operating income Interest revenues Income Statement 2009 134.5 (112.8) 21.7 2.5 (9.6) Interest expenses Comprehensive income

a. How misch was paid out in set dividends during 2009?

b. What is free cash flow for 2009?

c. What was the return on net operating assets in 2009?

d. What was the firm's net borrowing cost? 14.6