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Hi, I need help with my assignment please Revie iev The Rogers Corporation has a gross profit of $760,000 and $306,000 in depreciation expense. The
Hi, I need help with my assignment please Revie iev The Rogers Corporation has a gross profit of $760,000 and $306,000 in depreciation expense. The Evans expense is 5230,000 for each compay a. Given that the tax rate is 40 percent, compute the cash flow for both companies. also has $760,000 in gross profit, with $42,000 in deprciation expense. Selling and administrative Roger Evans Cash Flow b. Calculate the difference in cash flow between the two firms. Difference in Cash Flow Lemon Auto Wholesalers had sales of $880,000 last year, and cost of goods sold reprecented 77 percent of sales. Selling and administrative expenses were 12 percent of sales. Depreciation expense was $17,000 and interest expense for the year was $8,000. The firm's tax rate is 30 percent. a. Compute earnings after taxes. Lemon Auto Wholesalers Income Statement $0 $0 $0 $0
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