公司理财精要版第九版课后习题答案英文版

stsРDepreciationРEBITРInterestРTaxable eРTaxesРNet eР?$1,200,000Р450,000Р225,000Р110,000Р$415,000Р81,000Р$334,000Р116,900Р$217,100Рb.Р?РAnd the operating cash flow is:РOCF = EBIT + Depreciation – TaxesРOCF = $415,000 + 110,000 – 116,900РOCF = $408,100Р14. To find the OCF, we first e.Рe StatementРSalesРCostsРDepreciationРOther expensesРEBITРInterestРTaxable eРTaxesРNet eРDividendsРAdditions to REР?$167,000Р91,000Р8,000Р5,400Р$62,600Р11,000Р$51,600Р18,060Р$33,540Р$9,500Р$24,040Рa.Рb.Рc.Р?РOCF = EBIT + Depreciation – TaxesРOCF = $62,600 + 8,000 – 18,060РOCF = $52,540РCFC = Interest – Net new LTDРCFC = $11,000 –(–$7,100)РCFC = $18,100РNote that new long-term debt is negative because pany repaid part of its long-Рterm debt.РCFS = Dividends – Net new equityРCFS = $9,500 – 7,250РCFS = $2,250Р10