AT&T; 3:00 AM T08 Planning & Forecastin NCOME STATEMENT in millions of dellars)

Question

AT&T; 3:00 AM T08 Planning & Forecastin NCOME STATEMENT in millions of dellars) 2850. $2.497.0 osts except depreciation Total operating costs BIT 60.0 before taxes (EBT) S1 581 I before preferred dividends $1218 $117 I available to common $53.0 to retained earnings (ARE) of common equity s per share $1.06 526.00 1.1 23. ALANCE SHEET in millions of dollars) $15.0 T lavestments $315.0 $415.0 $810.0 5615 otal current assets et plant and equipment otal assets and eguiy $30.0 $130.0 560.0 SI 110 5310 otal current liabilities otal liabilities $800.0 ommon stock $130.0 sI common equity 5840.0

Explanation / Answer

AFN =

A0=2000

S = 10%

S0 = 3000

L0= 1064

S1 = 3300

profit margin = 113.5/3000

b = 56/113.5

AFN = (2000*10%/3000)-(1064*10%/3000*3300*(113.5/3000)*(1-(56/113.5))) = -2.18 million.

Ao × S/S0 Lo × S//S0 × S1 × PM × b

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