Question: Applying Cash Flow Relations (Medium) An analyst prepared reformulated balance sheets for the years 2012 and 2011 as follows (in millions of dollars):
The firm reported $100 million in comprehensive income for 2012 and no net financial income or expense.
a. Calculate the free cash flow for 2012.
b. How was the free cash flow disposed of?
c. How can a firm with financial assets and financial liabilities have zero net financial income or expense?