This is pretty frustrating… The question asked what FFO/Total Debt and FOCF over total debt indicates, or “what conclusion should be drawn” The eoc’s on number 33 specifically asks what FFO/TD is, which is 12.02% dramatically down from the 2008 rate of 20.62. I show FOCF/TD being 156 (given)/5517 = .0283, significantly down from 2008’s 20.62% the answer on P 227 says the financial flexibility improved because the FFO/TD and FOCF/TD have been increasing. Which they have not. What am I missing?
bump