1. As a financial manager, would you be more interested in the book value or market value of an asset? Why?

1. As a financial manager, would you be more interested in the book value or market value of an asset? Why?

2. 

Income statement for Draiman, Inc.:

Sales                                                    795,000

Cost of Goods Sold                             345,000

Depreciation                                          76,000

Earning Before Interest and Taxes       374,000 (EBIT)

Interest Paid                                           41,000

Taxable Income                                   333,000

Taxes (35%)                                        116,550

Net Income                                          216,450

Using the information given in the question: 

What is OCF?

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