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F301 Test 2 Due on 11/7/2016 at 11:59PM-Through the Test 2 Portal in Canvas As a soon-to-be business baccalaureate from Indiana University, your proud parents
F301 Test 2 Due on 11/7/2016 at 11:59PM-Through the Test 2 Portal in Canvas As a soon-to-be business baccalaureate from Indiana University, your proud parents are wanting you to take over the family business, starting on January 15, 2017. The firm specializes in business computing solutions, maintenance, and repairs, focusing on commercial clients in the Indy Louisville Cincy region. Before accepting this offer, you want to know more about the business. First, you decide to get a better understanding of the cash flows and other financial basics about the business. On December 31, 2016, your parents give you this information about the business for the calendar year 2016: Financial Summary for 2016 (all numbers in thousands of USD 2,000 Net Sales COGS 1,375 Depreciation 350 Interest expense 175 Taxes paid 39 Dividends 50 Net capital spending 375 Net increase in Working capital 10 Net new borrowing 280 Total interest-bearing Debt as of 12/31 1,800
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