Examine Sidebar Corporation's P&L and balance sheet below, over the year ending 30th June 2013. Sidebar...

 

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Examine Sidebar Corporation's P&L and balance sheet below, over the year ending 30th June 2013. Sidebar Corp Income Statement for year ending 30th June 2013 $m 405 100 34 22 39 210 63 147 Sales COGS Depreciation Rent expense Interest expense Taxable Income Taxes at 30% Net income Sidebar Corp Balance Sheet as at 30th June 2013 2012 $m $m 00 Cash Inventory 70 50 Trade debtors 11 16 Rent paid in advance 4 3 PPE (net amount) 700 680 Total assets 785 749 Trade creditors 11 19 Bond liabilities 400 390 220 220 154 120 785 749 Contributed equity Retained profits Total L and OE Note: All figures are in millions of dollars ($m). Acronyms: NOWC = net operating working capital. Assume the bonds are the only interest-bearing long-term debt priced at par, so the interest expense was equal to the coupon payments over the year. Assume that there were dividends but no buybacks or equity raisings. Which of the following statements about Sidebar's cash flow statement over the year would NOT be correct? The: Select one: O a. DeltaNOWC was $24m O b. Dividends totalled $113m 'Net cash provided by operating activities totals positive $205m 'Net cash provided by investing activities' totals negative $54m 'Net cash provided by financing activities' totals negative $103m O c. O d. O e. Examine Sidebar Corporation's P&L and balance sheet below, over the year ending 30th June 2013. Sidebar Corp Income Statement for year ending 30th June 2013 $m 405 100 34 22 39 210 63 147 Sales COGS Depreciation Rent expense Interest expense Taxable Income Taxes at 30% Net income Sidebar Corp Balance Sheet as at 30th June 2013 2012 $m $m 00 Cash Inventory 70 50 Trade debtors 11 16 Rent paid in advance 4 3 PPE (net amount) 700 680 Total assets 785 749 Trade creditors 11 19 Bond liabilities 400 390 220 220 154 120 785 749 Contributed equity Retained profits Total L and OE Note: All figures are in millions of dollars ($m). Acronyms: NOWC = net operating working capital. Assume the bonds are the only interest-bearing long-term debt priced at par, so the interest expense was equal to the coupon payments over the year. Assume that there were dividends but no buybacks or equity raisings. Which of the following statements about Sidebar's cash flow statement over the year would NOT be correct? The: Select one: O a. DeltaNOWC was $24m O b. Dividends totalled $113m 'Net cash provided by operating activities totals positive $205m 'Net cash provided by investing activities' totals negative $54m 'Net cash provided by financing activities' totals negative $103m O c. O d. O e.

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