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Gustavs best friend, Garfield, owns a lasagna factory. Garfields financial skills are not very strong, so he asked Gustav to take a look at his

Gustavs best friend, Garfield, owns a lasagna factory. Garfields financial skills are not very strong, so he asked Gustav to take a look at his financials. Here is the information Garfield provided to Gustav for 2019.

  • Sales were $23,730;

  • COGS were $16,780;

  • Depreciation was $2,840;

  • Interest paid was $414;

  • Tax rate was 35%

  • The paid dividends were $616.

Garfield also gathered some balance sheet information for 2018 and 2019. The numbers are presented in the following table.

December 31, 2018

December 31, 2019

Current Assets

$2,940

$3,528

Net Fixed Assets

$16,560

$18,840

Current Liabilities

$2,592

$2,484

Because Gustav is very busy following the current market developments, he asked you to help him. You must

  1. Calculate his EBIT

  2. Calculate his EBT

  3. Calculate his Taxes

After showing all work for the above, please find

  1. NI

  2. OCF

  3. FCF

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