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1) (2 pts) The Carpentry Shop has sales of $400,000, costs of $250,000, depreciation expense of $22,000, interest expense of $1,000, and a tax rate

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1) (2 pts) The Carpentry Shop has sales of $400,000, costs of $250,000, depreciation expense of $22,000, interest expense of $1,000, and a tax rate of 25 percent. What is the net income for this firm? Net income 2) (2 pts) Daniel's Market has sales of $350,000, costs of $270,000, depreciation expense of $20,000, and interest expense of $13,000. If the tax rate is 25 percent, what is the operating cash flow, OCF? OCF (2 pts) Andersen's Nursery has sales of $300,000, costs of $200,000, depreciation expense of $25,000, interest expense of $10,000, and a tax rate of 25 percent. The firm paid out $17,000 in dividends. What is the addition to retained earnings? 3) Addition to Retained Earnings (2 pts) The Dec. 31, 2014, balance sheet of XYZ showed current assets of $25,000 and current liabilities $19,000. The Dec. 31, 2015, balance sheet of XYZ showed current assets of $34,000 and current liabilities $26,000. What was the company's 2015 change in net working capital? 4) 2015 Change in Net Working Capital =

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