Question
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.
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Sales were $23,730;
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COGS were $16,780;
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Depreciation was $2,840;
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Interest paid was $414;
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Tax rate was 35%
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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
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Calculate his EBIT
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Calculate his EBT
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Calculate his Taxes
After showing all work for the above, please find
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NI
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OCF
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FCF
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