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Just need the answer to F. all answers are correct in the box. $0.21 is not correct Butterfly Tractors had $23.50 million in sales last
Just need the answer to F. all answers are correct in the box. $0.21 is not correct
Butterfly Tractors had $23.50 million in sales last year. Cost of goods sold was $9.90 million, depreciation expense was $3.90 million, interest payment on outstanding debt was $2.90 million, and the firm's tax rate was 21%. a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) c. What would happen to net income and cash flow if depreciation were increased by $2.90 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) f. What would be the impact on cash flow if depreciation was $2.90 million and interest expense was $3.90 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) a. Net income $ 5.37 million 9.27 million b Net cash flow $ c. $ Net income would be Cash flow would be decreased increased decreased by by by $ 2.29 million 0.61 million million f. Cash flow would beStep by Step Solution
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