Question
A). Johnson, the CFO of Crane Automotive, Inc., is putting together this year's financial statements. He has gathered the following ance sheet information: The firm
A). Johnson, the CFO of Crane Automotive, Inc., is putting together this year's financial statements. He has gathered the following ance sheet information: The firm had a cash balance of $23,100, accounts payable of $163,300, common stock of $313,300, ained earnings of $512,300, inventory of $212,500, goodwill and other assets equal to $78,800, net plant and equipment of 11,300, and short-term notes payable of $21,200. It also had accounts receivable of $141,300 and other current assets of $11,300. w much long-term debt does Crane Automotive have?
B.) Sheridan Corporation recently reported an EBITDA of $58,600,000.00 and net income of $21,700,000.00. The company had $13,700,000.00 in interest expense, and its average corporate tax rate was 30 percent. What was its depreciation and amortization expense? (Round intermediate calculations and final answer to 2 decimal places, e.g. 9,700,000.25.)
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