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(Easy) Calculate the NFEat for Stormy Atlantic given the following financial statement data and a 30% tax rate. Stormy Atlantic Financial Statements Current Previous Operating
(Easy) 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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