The firm also paid $32 million in net interest (after tax). What are the respons

Question

The firm also paid $32 million in net interest (after tax). What are the responses open to the treasurer? Balance Sheet and Income Statement Relations (Easy) A firm holding $432 million in interest-bearing financial assets and with financing debt of $1,891 million, reported shareholders' equity of $597 million. What were its net financial assets? What were its net operating assets? The same firm reported $108 million in comprehensive income and net financial expense, after tax, of $47 million. What was its after-tax operating income?

Explanation / Answer

a)Net Financial assets=1891-432=1459 million

Net Operating Assets=Total assets- Cash=1891+532-432=1991

b)after tax operating income=108-47=61 million

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