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QUESTION 3 Use the following IS and balance sheets for ABC to calculate the annual net cash build or burn rate for the year 2006

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QUESTION 3 Use the following IS and balance sheets for ABC to calculate the annual net cash build or burn rate for the year 2006 Income Statement Ending Dec. 31st $1,800,000 1,080,000 720,000 180,000 500,000 3,000,000 1,800,000 1,200,000 Gross Prott Marketing Expenses General Administrative (GSAJExpences Depreciation expense EBIT Interest EBT Taxes 30,000 320,000 000 120,000 200,000 -40,000 130,000 130,000 150,000 70,000 Change in Retained Earnings Click Save and Submit to save and submit. Click Save Al Answers to save all answers Save All 6 46

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