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Billy's Exterminators, Inc., has sales of $650,000, costs of $340,000, depreciation expense of $50,000, interest expense of $38,000, and a tax rate of 18 percent.
Billy's Exterminators, Inc., has sales of $650,000, costs of $340,000, depreciation expense of $50,000, interest expense of $38,000, and a tax rate of 18 percent. The firm pays 40% of its earnings as dividend. 1. 1. Construct an income statement. 2. Calculate the OCF (operating Cash flow). Prepare a balance sheet for Cornell Corp. based on the following information: cash = $125,000; accounts payable & accruals = $200,000; accounts receivable = $105,000; net fixed assets = $1,750,000; inventory = $290,000; notes payable = $160,000; Retained Earnings - $665,000; Common Stock (par value-paid in Cap) = $400,000 1. Prepare the balance sheet. 2. Calculate the long term debt of the firm. 3. Calculate the NWC (Net Working Capital)
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