Given the balance sheets and selected data from the income statement of SMG Industries that follow, answer parts ( a)( c). a. Calculate the firms operating cash flow ( OCF) for the year ended December 31, 2009, using Equation 2.1. b. Calculate the firms free cash fl ow (FCF) for the year ended December 31, 2009, using Equation 2.2. c. Interpret, compare, and contrast your cash fl ow estimates in parts ( a) and ( b).
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