Construct the financials for a firm that has quarterly sales and net income of $100,...
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Construct the financials for a firm that has quarterly sales and net income of $100, $200, $300, $200, $100. Half of all customers pay immediately, while the other half always pay two quarters after purchase.
What are the cash flows produced by PepsiCos projects in 1999, 2000, and 2001? What are the cash flows available to residual equity shareholders in 1999, 2000, and 2001?
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