Question: A firm has financial data as shown in the table below. The tax rate is 30% and the plowback ration is 70%. A) construct the
2. (15 points) A firm has financial data as shown in the table below. The tax rate is 30% and the plowback ratio is 70% a. Construct the firm's income statement for 2019 and balance sheets for the beginning and end of 2019 b. Calculate operating cash flow, net capital spending, change in net working capital, cash flow to creditors, cash flow to shareholders, and free cash flow for the firm for 2019. End 2018 End 2019 1000 400 Sales COGS and all other operating- related expenses Depreciation Interest expense Current Assets Total Fixed Assets Accumulated Depreciation 1 400 2000 600 150 100 500 2300 This can be determined from the information given 350 720 Current Liabilities Long-term Debt 300 700 Common Stock 300 This can be determined from the information given
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