Question 1

If Cleveland Motors Had an EBIT of $22,638,400, Interest of $7,245,000 and is taxed at an average rate of 32% what is their Net Income?

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Question 7 options:

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Question 2

Using the information below -- what was Bala Industries Cash Flow from Financing for the year ending 6/30/2011?

Increase in inventories$25

Purchased treasury stock$27

Purchased property & equipment$25

Net Income$331

Decrease in accrued income taxes$45

Depreciation & amortization$116

Decrease in accounts payable$14

Increase in accounts receivable$28

Increase in Long-term debt$103

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Question 8 options:

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Question 3

Delta Ray Brands Corp. just completed theirlatest fiscal year. The firm had sales of $17,084,000. Depreciation andamortization was $896,000, interest expense for the year was $802,500, andselling general and administrative expenses totaled $1,567,200 for the year,and cost of goods sold was $10,881,200 for the year. Assuming a federal incometax rate of 34%, what was the Delta Ray Brands net income after-tax?

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Question 10 options:

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