Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8) Smashed Pumpkins Company paid $168 in dividends and $596 in interest over the past year. The company increased retained earnings by $498 and had

image text in transcribed
8) Smashed Pumpkins Company paid $168 in dividends and $596 in interest over the past year. The company increased retained earnings by $498 and had accounts payable of $642. Sales for the year were $16,405 and depreciation was $736. The tax rate was 21 percent. What was the company's EBIT? A) $1,439 B) $5,742 C) $1,025 D) $1,362 E) $1,892 9) A company has $1,406 in inventory, $4,863 in net fixed assets, $688 in accounts receivable, $314 in cash, $658 in accounts payable, and $5,458 in equity. What is the company's long-term debt? A) $1,783 B) $1,192 C) $1,334 D) $1,813 E) $1,155

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

Currency Wars Offense And Defense Through Systemic Thinking

Authors: Jeffrey Yi-Lin Forrest , Yirong Ying , Zaiwu Gong

1st Edition

3319677640,3319677659

More Books

Students also viewed these Finance questions

Question

Would you call yourself brave?

Answered: 1 week ago

Question

=+recurring task to their seemingly endless to-do lists.

Answered: 1 week ago

Question

=+how will you select people for the program?

Answered: 1 week ago