See the data for Betamax Inc and question below. Assume Bet…
See the data for Betamax Inc and question below. Assume Betamax is a non-taxable firm Cash flow statement 2020 2019 2018 Net Income 115 118 107 Plus depreciation 100 99 98 Plus stock based compensation 30 29 27 plus restructuring expense liability 20 0 0 less change in receivables -4 -3 -2 Less change in inventory -6 -2 -2 Plus change in accounts payable 30 -10 21 Cash flow from operations 285 231 249 Capital expenditures -105 -110 -110 Cash from investing -105 -110 -110 Dividends -110 -110 -110 Cash from financing -110 -110 -110 Change in cash Position 70 11 29 Partial Balance Sheet (in millions $) Balance sheet 2020 2019 Cash 120 50 Net Receivables 54 50 Inventories 156 150 Current Assets 330 250 PP&E 750 745 Total Assets 1080 995 Accounts Payable 90 60 Restructuring liability 20 0 Current liabilities 110 60 sales and gross profit data in millions of $ 2020 2019 Sales 1310 1200 Gross Profit 307 280 What is the CFSA (Cash flow standardized accrual for this firm)? Write in decimal form to 3 places (like -0.025)