Question
1.Casello Mowing & Landscaping's year-end 2015 balance sheet lists current assets of $437,200, fixed assets of $552,800, current liabilities of $418,600, and long-term debt of
1.Casello Mowing & Landscaping's year-end 2015 balance sheet lists current
assets of $437,200, fixed assets of $552,800, current liabilities of $418,600, and
long-term debt of $318,500.
Calculate Casello's total stockholders' equity.
2. Tater and Pepper Corp. reported free cash flows for 2015 of $43.1 million and
investment in operating capital of $26.1 million. Tater and Pepper incurred
$14.0 million in depreciation expense and paid $29.7 million in taxes on EBIT
in 2015.
Calculate Tater and Pepper's 2015 EBIT.
3. Thelma and Louie, Inc., started the year with a balance of retained earnings of
$542 million and ended the year with retained earnings of $584 million. The
company paid dividends of $32 million to the preferred stockholders and $72
million to common stockholders.
Calculate Thelma and Louie's net income for the year
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