Question
Copy of Below is a (partial) copy of Eureka Computing's most recent income statement and balance sheet (all numbers in millions): Income Statement Current Year
Copy of
Below is a (partial) copy of Eureka Computing's most recent income statement and balance sheet (all numbers in millions):
Income Statement | |
Current Year | |
Sales | 2479 |
COGS | 1203 |
SG&A | 264 |
Depreciation | 451 |
Interest Expense | 185 |
Tax Rate | 22 |
Balance Sheet | ||
Current Year | Prior Year | |
Assets | ||
Cash | 674 | 551 |
A/R | 1212 | 1123 |
Inventory | 866 | 855 |
Net PP&E | 1088 | 878 |
Liabilities | ||
A/P | 606 | 620 |
Bonds Payable | 1192 | 1236 |
What was Eureka Computing's free cash flows (in millinos)?
Dollar Tree recently opened a new store. Building the new store cost $670,000. The new store will be depreciated using the double declining balance method over a 10 year period. What will the depreciation expense for this new store be in its second year?
Which profit measure would be most useful if you want to determine the cash generated by a division's normal business activities?
Net Income | ||
Operating Income | ||
Operating Cash Flows | ||
Free Cash Flows | ||
None of them |
Full Moon Pizzas has just reported the following financial information (all numbers are in thousands):
Sales: 433
COGS: 158
SG&A: 49
Depreciation: 26
Interest: 17
Tax rate: 27%
What was Full Moon Pizzas' operating income (in thousands)?
Pennsylvania levys a personal income tax rate of 3.07% on all income. Thus, Pennsylvania's personal income tax is an example of a:
Progressive Tax | ||
Flat Tax | ||
Regressive Tax | ||
Optional Tax | ||
None of the above |
Whole Foods is considering opening a new store in Maplewood. Which of the following items should be considered in a free cash flow analysis of this new store? (Select all that apply)
The cost of building the new store | ||
Sales at the new store | ||
Interest paid to bondholders from bonds issued to finance the new store | ||
Decrease in sales at other nearby Whole Food's locations | ||
The cost of the marketing study that was already completed that showed demand for a Maplewood Whole Foods |
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