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Problem 7 Intro Creminy, Inc. has revenue of $77,000, costs of $38,500, depreciation of $8,000, and interest expenses of $5,000. The average tax rate is
Problem 7 Intro Creminy, Inc. has revenue of $77,000, costs of $38,500, depreciation of $8,000, and interest expenses of $5,000. The average tax rate is 0.34. The balance sheet shows current assets of $24,000, current liabilities of $18,000 and net fixed assets of $82,000 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. BAttempt 1/5 for 2 pts. Part 1 What is Creminy's net income? 0+ decima Submit Part 2 IB Attempt 175 for 2 pts. What is the change in net working capital? 0+ decima Submit
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