Phoenix ltd has a Rs 5000000 in total assets.The company's assets are financed with rs...
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Phoenix ltd has a Rs 5000000 in total assets.The company's assets are financed with rs
OMG Petro Ltd produces and markets crude oil. The following are selected numbers from the financia) statements for 1992 and 1993 (in millions). The firm had capital expenditures of Rs950 million in 1992 and Rs1 billion in 1993. The working capital in 1991 was Rs 190 million, and the total debt outstanding in 1991 was Rs5.75 billion. There were 305 million shares outstanding, trading at Rs21 per share. Estimate the cash flows to equity in 1992 and 1993 (in Rs Millions) A. 133 and (300) B. 725 and 285 C. 350 and 185 D. 202 and 301 Answer: A
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