In a Wildly Successful First Year in Business That Started

question 51

Multiple Choice

In a wildly successful first year in business that started and ended with no required cash, your firm has operating income of $989,000, net income of $637,000, current assets of $900,000, and current liabilities of $659,000. Net capital expenditures were $690,000, and depreciation was $460,000. The firm has never financed itself with debt. What is your equity valuation cash flow?

• A)$48,000
• B)$166,000
• C)$218,000
• D)$466,000

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