LSP recently reported $450,000 of sales during the year 2016. The company had $40,000 of outstanding bonds carrying 10% interest rate. Operating costs were $200,000 other than depreciation, and the firm was facing $34,000 as depreciation. Noting that the federal-plus-state income tax rate was 40%. What is the firm's net income at the end of the year 2016? * $ 127,200 $ 155,200 $ 123,200 $ 217,200 None of the above

2)LSP Construction recently reported $200 million of sales, $50 million of operating costs other than depreciation, and $50 million of depreciation. It had $10 million interest expense, and its federal-plus-state income tax rate was 40%. What was LSP operating income, or EBIT, in millions? * $ 100 $ 0 $ 90 $ 54 None of the above 11. During 2008, Bakery Company

3) Assume that Icon Co. 2014 current assets totaled for $80,000, they paid out $32,000 in the form of account payable and $8,000 as accruals and $10,000 in notes payable and in 2015 they had a NWC of $50,000. Calculate the change in net working capital. * $ 40,000 $ 0 $ 30,000 $ 10,000 None of the above