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Calculate the NFEat for Stormy Atlantic given the following financial statement data and a 30% tax rate. Stormy Atlantic Financial Statements Current Previous Operating cash
Calculate the NFEat for Stormy Atlantic given the following financial statement data and a 30% tax rate.
| Stormy Atlantic Financial Statements | ||
|
| Current | Previous |
| Operating cash | 200 | 150 |
| Accounts receivable | 400 | 350 |
| Inventories | 1,000 | 850 |
| Property & plant (net) | 2,500 | 2,000 |
| Accounts payable | 600 | 550 |
| Long-term debt | 2,000 | 1,500 |
| Common equity | 1,500 | 1,300 |
|
| ||
| Sales | 6,500 | |
| Interest income | 10 | |
| Operating expenses | 4,500 | |
| Interest expense | 200 | |
| Tax expense | 500 | |
| Comprehensive Income | 1,310 | |
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