A leading AI technology firm ATOOL, is publicly traded on the US stock market with shares currently valued at $15 each. Some information from its annual report of Year 2023, is presented in the following tables (Unit=’1000). Income Statement (2023) Sales $21,800 Cost of goods sold $15,050 Depreciation $4,150 EBIT $2,600 Interest $1,830 Taxable income $870 Taxes (34%) 296 Net income $574 Balance Sheet 2022 Current assets $3,800 Net fixed assets $23,650 Current liabilities $2,700 Balance Sheet 2023 Current assets $6,930 Net fixed assets $26,800 Current liabilities $3,150 (a) Compute the cash flow from assets (CFFA) of ATOOL for the year 2023 and show how you interpret the number you get for CFFA. (25 marks)

Suppose the following items are taken from the 2027 balance sheet of Yahoo! Inc. (All dollars are in millions.)Goodwill $4,100Common stock 6,330Equipment 1,790Accounts payable 130Patents 210Stock investments (long-term) 3,360Accounts receivable 1,140Prepaid rent 250Debt investments (short-term) 1,060Retained earnings 6,530Cash 2,440Notes payable (long-term) 710Unearned sales revenue 400Accumulated depreciation—equipment 250Prepare a classified balance sheet for Yahoo! Inc. as of December 31, 2027. (List Current Assets in order of liquidity.)

8% Debentures (2025) 250Administrative expenses 171Cash and cash equivalents 14Cost of sales 466Debenture interest 8Distribution costs 63Dividends paid 80Inventory at 31 December 2020 33Issued capital:Ordinary shares of $0.25 each at 31 December 2020 500Non-current assetsCost 1140Provision for depreciation at 1 January 2020 140Retained earnings at 1 January 2020 129Revenue 923Share premium at 31 December 2020 70Trade payables 42Trade receivables 792054 2054The following information is also available at 31 December 2020.1 Administrative expenses included insurance of $16 000 for four months ended31 January 2021.2 Depreciation should be provided on non-current assets at 25% per annum using the reducingbalance method. Depreciation charges should be allocated 20% to distribution costs and 80%to administrative expenses.3 The account of a credit customer, $3000, should be written off to administrative expenses asan irrecoverable debt.4 Debenture interest was outstanding for the second half of the year. The directors had issuedadditional debentures of $50 000 on 1 October 2020.

(Amounts Expressed in Millions) 2020 2019For the Fiscal Years Ended September 26 and September 28, respectively:Net sales $ 274,515 $ 260,174Costs of sales 169,559 161,782Operating income 66,288 63,930Net income $ 57,411 $ 55,256At Year-End: Assets    Current assets:    Cash and cash equivalents $ 38,016 $ 48,844Short-term marketable securities 52,927 51,713Accounts receivable, net 16,120 22,926Inventories 4,061 4,106Vendor non-trade receivables 21,325 22,878Other current assets 11,264 12,352Total current assets 143,713 162,819Noncurrent assets:    Long-term marketable securities 100,887 105,341Property, plant, and equipment, net 36,766 37,378Other noncurrent assets 42,522 32,978Total noncurrent assets $ 180,175 $ 175,697Total assets $ 323,888 $ 338,516Liabilities and Shareholders’ Equity    Current liabilities:    Accounts payable $ 42,296 $ 46,236Other current liabilities 42,684 37,720Deferred revenue 6,643 5,522Commercial paper 4,996 5,980Current portion of term debt 8,773 10,260Total current liabilities 105,392 105,718Noncurrent liabilities:    Noncurrent portion of term debt 98,667 91,807Other noncurrent liabilities 54,490 50,503Total noncurrent liabilities 153,157 142,310Total liabilities 258,549 248,028Shareholders’ equity:    Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 16,976,763 and 17,772,945 shares issued and outstanding, respectively 50,779 45,174Retained earnings 14,966 45,898Accumulated other comprehensive income/(loss) (406) (584)Total shareholders’ equity 65,339 90,488Total liabilities and shareholders’ equity $ 323,888 $ 338,516At September 29, 2018, total assets were $365,725 and total shareholders’ equity was $107,147.Required:Calculate Apple Incorporated’s working capital, current ratio, and acid-test ratio at September 26, 2020, and September 28, 2019.

A company reports net income of $9,700 for the year. During the year, the company reports an $1,140 loss from retirement of notes and a gain of $1,710 from the sale of equipment. Also, depreciation expense is $3,480. The only change in current assets and current liabilities was a $570 increase in inventory.Compute net cash provided by operating activities using the indirect method.Note: Amounts to be deducted should be indicated with a minus sign.

Use the following information to answer this question. Windswept, Incorporated2017 Income Statement($ in millions)Net sales $ 11,000Cost of goods sold 8,200Depreciation 395Earnings before interest and taxes $ 2,405Interest paid 110Taxable income $ 2,295Taxes 689Net income $ 1,606 Windswept, Incorporated2016 and 2017 Balance Sheets($ in millions)  2016 2017   2016 2017Cash $ 420 $ 445 Accounts payable $ 2,060 $ 2,005Accounts receivable 1,210 1,110 Long-term debt 1,120 1,580Inventory 1,980 1,820 Common stock 3,460 3,190Total $ 3,610 $ 3,375 Retained earnings 700 950Net fixed assets 3,730 4,350      Total assets $ 7,340 $ 7,725 Total liability & equity $ 7,340 $ 7,725What were the total dividends paid for 2017?