1. Trevi Corporation recently reported an EBITDA of $31,000 and $9,700 of net income. The company has $6,800 interest expense, and the corporate tax rate is 35 percent. What was the companys depreciation and amortization expense?

2. Working capital: Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,235,620, accounts payables worth $4,160,580, inventory of $7,123,040, accounts receivables of $3,488,450, notes payable worth $1,153,080, and other current assets of $122,752. What is the companys net working capital?

3. The difference between FIFO and LIFO is FIFO refers to the practice of firms, when making sales, assuming that the inventory that came in last (at a higher price) is being sold first. LIFO implies that a firm is selling the lower cost, older inventory first, leaving the higher cost, newer inventory on the balance sheet. true or false?

7. If Cleveland Motors Had an EBIT of $22,670,600, Interest of $7,037,000 and is taxed at an average rate of 32% what is their Net Income?

10. Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,092,400. Depreciation and amortization was $880,800, interest expense for the year was $803,200, and selling general and administrative expenses totaled $1,436,100 for the year, and cost of goods sold was $10,431,000 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?