Question
Assignment Questions Q1 ( 1.5 marks) Ahlam Companys net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and
Assignment Questions
Q1 (1.5 marks)
Ahlam Companys net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The company's average tax rate is 35 percent.
Q2. (1 Mark)
The following are accounts balance (in thousands) for MalakCompany. Calculate Net Income after-tax (show intermediate steps) t=35% for the year ended December 31, 2020.
Net property and equipment | $ 2,000 |
Accounts receivable | $3,000 |
Notes payable | $37,000 |
Revenues | $ 983,000 |
Supply expenses | $ 255,000 |
Depreciation expenses | $ 35,000 |
Labor expense | $300,000 |
Interest Expenses | $11,000 |
Stockholders Equity | $61,500 |
Cash & cash equivalents | $97,000 |
Long-term debt | $3,500 |
Q3. Calculate the following ratios from the Balance Sheet and the Income Statement given below: (1.5 Mark)
|
|
|
Balance Sheet: |
|
|
Cash |
| 30,000 |
Acct/Rec |
| 72,500 |
Inventories |
| 50,000 |
Current assets |
| 152,500 |
Net fixed assets |
| 240,000 |
Total assets |
| 392,500 |
|
|
|
Accts/Pay |
| 44,500 |
Accrued expenses |
| 31,000 |
Short-term N/P |
| 9,500 |
Current liabilities |
| 85,000 |
Long-term debt |
| 110,000 |
Owner's equity |
| 197,500 |
Total liabilities and ownersequity | 392,500 | |
|
|
|
Income Statement: |
|
|
Net sales |
| 450,000 |
COGS |
| 220,000 |
Gross profit |
| 230,000 |
Operating expenses |
| 128,000 |
Net operating income |
| 102,000 |
Interest expense |
| 18,500 |
EBT |
| 83,500 |
Income taxes |
| 33,000 |
Net income |
| 50,500 |
Q4. Using the values below, answer the questions that follow: (1mark)
Amount of annuity: $500
Interest rate: 9%
N=10 years
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