A)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 it net financial assets? What were its net operating assets?
b)The same firm reported $108 million in comprehensive income and net financial expense, after tax of $497 million. What was its after-tax operating income?© BrainMass Inc. brainmass.com June 3, 2020, 11:26 pm ad1c9bdddf
Equity = Net Operating Assets(NOA) - Net Financial Obligations
Net Financial Obligations = Financial Debt - Financial Asset
The solution calculates net financial assets, its net operating assets, and its after-tax income for a firm.