Question
If the EBIT for the year is $5000, depreciation is $1000 and the tax rate is 20%. Further CA on Dec. 31st were $1500 and
If the EBIT for the year is $5000, depreciation is $1000 and the tax rate is 20%. Further CA on Dec. 31st were $1500 and the CL were $700. On Jan. 1st the CA were $1000 and the CL were $800. The value of Future Assets on Dec.31st was $3000 and on Jan.1st was $5000.
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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