Question
3.2. Wolf Pack Enterprises has total current assets of $346,002 and fixed assets of $476,306. The company also has long-term debt of $276,400, $100,000 in
3.2. Wolf Pack Enterprises has total current assets of $346,002 and fixed assets of $476,306. The company also has long-term debt of $276,400, $100,000 in its common stock account, and retained earnings of $187,567. What is the value of its total current liabilities?
3.4. ACME Corporation had revenues of $867,030 in 2014. It also had expenses (excluding depreciation) of $356,240, depreciation of $103,456, and interest expense of $52,423. What was the companys net income after taxes if its average tax rate was 40 percent?
3.5. True Blue Company increased its investments in marketable securities by $323,370 and paid $1,220,231 for new fixed assets during 2014. The company also repaid $779,200 of existing long-term debt while raising $913,455 of new debt capital. In addition, True Blue has a net cash inflow of $345,002 from the sale of fixed assets, and repurchased stock in the open markets for a total of $56,001. What is the net cash used in investing activities by True Blue? What is the net cash provided by the companys financing activities?
3.6. Sun Devil Corporation reported EBITDA of $7,300,125 and net income of $3,328,950 for the fiscal year ended December 31,2014. During the same period, the company had $1,155,378 in interest expense, $1,023,285 in depreciation and amortization expense, and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2014?
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