Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Intro Creminy, Inc. has revenue of $75,000, costs of $37,500, depreciation of $12,000, and interest expenses of $8,000. The average tax rate is 0.34. The
Intro Creminy, Inc. has revenue of $75,000, costs of $37,500, depreciation of $12,000, and interest expenses of $8,000. The average tax rate is 0.34. The balance sheet shows current assets of $23,000, current liabilities of $18,000 and net fixed assets of $84,000 for the most recent year, and current assets of $18,000, current liabilities of $14,000 and net fixed assets of $75,000 for the previous year. Part 2 - Attempt 4/10 for 10 pts. What is the operating cash flow? For current purposes, use the tax figure calculated in the previous part. 0+ decimals Submit IB Attempt 1/10 for 10 pts. Part 3 What is net capital spending? 0+ decimals Submit Attempt 1/10 for 10 pts. Part 4 What is the change in net working capital? 0+ decimals Submit Part 5 Attempt 1/10 for 10 pts. What is the cash flow from assets? 0+ decimals Submit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started