Using Accounting Relations (Medium)

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

a. How much was paid out in net 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?

Balance Sheet Assets Liabilities and Equity 2009 2008 2009 2008 Operating assets 205.3 189.9 Operating liabilities 40.6 34.2 Financial assets 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 Interest expenses Comprehensive income Income Statement 2009 134.5 (112.8) 21.7 2.5 (9.6) 14.6