compute debt service margin for 2013?

- I'm not sure which statement to use, I believe we use 'cash flows'

- That's the formula I think I'm supposed to use

Compute the Debt Service Margin for 2013. Present your result to the second decimal point Don't round until the end of the problem. Actual Financial Statements 2012 2013 2014 $5,269 $8,084 $8,658 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2015 $14,557 2016 $15,890 2017 $19,334 (39) 274 (241) 596 2,371 3,033 2,159 3,253 4,746 6,281 8,116 11,478 14 15 16 17 2,119 155 2,975 160 4,215 202 OPERATING ACTIVITIES: Net Income Adjustments to reconcile net income to Lo net cash from operating activities: 11 Depreciation of property and equipment, 92 including Internal-use software and website development, and other amortization, including capitalized content costs Stock-based compensation Other operating expense, net Losses (gains) on sales of marketable securities, 18 Other expense (income), net Deferred Income taxes 20 Excess tax benefits from stock based compensation 21 Changes in operating assets and Habilities: 22 Inventories Accounts receivable, net and other 24 Accounts payable 25 Accrued expenses and other 26 Unearned revenue 27 Amortization of previously unearned revenue 2. Net cash provided by (used in) operating activities 29 0 INVESTING ACTIVITIES: 21 Purchases of property and equipment including 833 154 (9) 253 (265) (429) 1,134 114 1 166 (156) (78) 1,497 129 (3) 62 (316) (6) 250 81 (20) (246) (292) (29) 19 23 (999) (861) 2,070 1,038 1,796 (1,521) 4,180 (1,410) (846) 1,888 736 2,691 (2,292) 5,475 11,193) (1,039) 1,759 706 4,433 (3,692) 6,842 12,187) (1,755) 4,294 913 1,292 (1,426) (3,367) 5,030 1,724 1,955 (3,583) (4.786) 7,175 283 738 12,039 17,272 18,434 (3,785) (3,444) (4,893) (5,387) (7,804) (11,955) Cash Flows Income Statement Balance Sheet Ratios -+ 100% CFFO Debt Service Margin (a lagged ratio): DSM. = All Interest Bearing Liabilties in Current Liabilities-1 Compute the Debt Service Margin for 2013. Present your result to the second decimal point Don't round until the end of the problem. Actual Financial Statements 2012 2013 2014 $5,269 $8,084 $8,658 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 2015 $14,557 2016 $15,890 2017 $19,334 (39) 274 (241) 596 2,371 3,033 2,159 3,253 4,746 6,281 8,116 11,478 14 15 16 17 2,119 155 2,975 160 4,215 202 OPERATING ACTIVITIES: Net Income Adjustments to reconcile net income to Lo net cash from operating activities: 11 Depreciation of property and equipment, 92 including Internal-use software and website development, and other amortization, including capitalized content costs Stock-based compensation Other operating expense, net Losses (gains) on sales of marketable securities, 18 Other expense (income), net Deferred Income taxes 20 Excess tax benefits from stock based compensation 21 Changes in operating assets and Habilities: 22 Inventories Accounts receivable, net and other 24 Accounts payable 25 Accrued expenses and other 26 Unearned revenue 27 Amortization of previously unearned revenue 2. Net cash provided by (used in) operating activities 29 0 INVESTING ACTIVITIES: 21 Purchases of property and equipment including 833 154 (9) 253 (265) (429) 1,134 114 1 166 (156) (78) 1,497 129 (3) 62 (316) (6) 250 81 (20) (246) (292) (29) 19 23 (999) (861) 2,070 1,038 1,796 (1,521) 4,180 (1,410) (846) 1,888 736 2,691 (2,292) 5,475 11,193) (1,039) 1,759 706 4,433 (3,692) 6,842 12,187) (1,755) 4,294 913 1,292 (1,426) (3,367) 5,030 1,724 1,955 (3,583) (4.786) 7,175 283 738 12,039 17,272 18,434 (3,785) (3,444) (4,893) (5,387) (7,804) (11,955) Cash Flows Income Statement Balance Sheet Ratios -+ 100% CFFO Debt Service Margin (a lagged ratio): DSM. = All Interest Bearing Liabilties in Current Liabilities-1