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10. CIC Co. has $64,000 of net cash at the end of year 2019. The cash flow from investing activities is $-52,000. The Company borrowed
10. CIC Co. has $64,000 of net cash at the end of year 2019. The cash flow from investing activities is $-52,000. The Company borrowed a long term loan of 50,000. If the accounts receivable increased by $49,000 and the accounts payable increased by $61,000, and the depreciation is $12,000, what is the company's net income? * O $43,500 $42,000 $66,000 $54,000 O None of the above Use the LSP Co. income statement given below to answer the following 3 questions: Income Statement for Year Ending December 31, 2010 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and Amortization EBIT Interest expense EBT Taxes (40%) Net Income $500,000 $150,000 $ 350,000 $ 50,000 ?????? $100,000 $ 200,000 $ 80,000 $ 120,000
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