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question 1 and 2 please thank you very much Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have?
question 1 and 2 please
Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? $720 $806 $799 $749 $590 Watson Oil recently reported (in millions) $8,250 of sales, $5,750 of operating costs other than depreciation, and $650 of depreciation. The company had $3,200 of outstanding bonds that carry a 5% interest rate, and its federal-plus-state income tax rate was 35%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to make $1,250 of capital expenditures on new fixed assets and to invest $300 in net operating working capital. By how much did the firm's net income exceed its free cash flow? Do not round the intermediate calculations. $708 $796 $907 $669 $653 thank you very much
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