Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. A company recently reported $750,000 of sales, $600,000 of operating costs other than shift iation, and $85,000 af depreciation. The company had no amortization

image text in transcribed

1. A company recently reported $750,000 of sales, $600,000 of operating costs other than shift iation, and $85,000 af depreciation. The company had no amortization charges, it had of bonds that carry an 8% interest rate, and its federal-plus-state income tax outstanding $630,000 rate was 40%. How much was the firm's net income? shift 2. Swiss Clothing Company's balance sheet showed total current assets of $2,250, all of which were required in operations; fixed assets were $3,100 its current liabilities consisted of $575 of accounts payable, S300 of 6% short-term notes payable to the bank, S 145 of accrued wages and taxes, and $1,200 of long term debt. What was its net operating working capital? fn 3. On 12/31/16, a company reported retained earnings of $470.000 on its balance sheet, and it r , at 12/31/15, the that it had $75,000 of net income during the year. On its previous balance sheet company had reported $395,000 of retained earnings. No shares were repurchased during 2016 much in dividends did the company pay during 2016? A company reported $750,000 of EBITDA, net.income of $190,000, interest expense of $105,123.55. If the company has a tax rate of 35%, what was the depreciation and amortizatio expense ing the following Complete the balance sheet and sales information (below) for Eagle, Inc. information: Totalasset ratio: 2.5087719; 2: total debt to assets: 0.16, total liabilities to assets:020 quick DSO: 21.90: ITO: 9.5541401 -Sales Cash heX.T Cash Accounts receivable Accounts payable Notes payable Inventories 93,000 Long term debt Total liabilities Common stock Fixed assets Ret 500,000 Total assets 750,000 Total liab & equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Adventure Finance

Authors: Aunnie Patton Power

1st Edition

3030724271, 978-3030724276

More Books

Students also viewed these Finance questions

Question

3. How would this philosophy fit in your organization?

Answered: 1 week ago

Question

3. What information do participants need?

Answered: 1 week ago