Question: Please help How much cash does the firm actually have? You are the CFO of ABC Corp. You are looking to hire a financial analyst,

Please help
How much cash does the firm actually have? You are the CFO of ABC Corp. You are looking to hire a financial analyst, and you've given an assignment to two short-listed candidates. You've given the following information to the job applicants: - The company reported net sales of $2,500 million. Assume that there were no noncash sales. - Operating costs (excluding depreciation and amortization) were 65% of the company's total revenues. - Depreciation and amortization charges were 5% of total sales. - Interest charges were 15% of earnings before interest and taxes (EBIT) with a tax rate of 40%. You've asked the candidates to give you a number that best represents the cash flow situation of the company. Finn submits a report stating that the firm has $508 million in cash available. Arty submits a report stating that the firm has $382.5 million in cash. Based on the information given to them, which applicant has provided a better estimate of the company's current cash flows? Check all that apply. Arty Finn
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