shoe Final Test Paper #yee sharepoint.com/t/sites/BUSI2093introduction Managerial inance2OU-C-BC 7D/_layouts/15/doc2.aspx?sourcede Fra pelass BUSI 2093 Set B. Saved Dictate Word Help View Review perlou Tell me what you want to do Editing er Av A. Eve References Home 7 U B " 16 Calibri Body) Q2 B. (20 Marks) Sheryl's Shingles had sales of $10,000 in 1997. The cost of goods sold was $6,500, general and administrative expenses were $1,000, interest expenses were $500, and depreciation was $1,000. The firm's tax rate is 35 percent. a. What is earnings before interest and taxes? b. What is net income? c. What is cash flow from operations? 2 Q3 B. (20 Marks) In order to avoid estate taxes, your rich aunt Frederica will pay you $10,000 per year for 4 years, starting 1 year from now. What is the present value of your benefactor's planned gifts? The interest rate is 7 rorront How much will win hawa ware from now if wan invect each oift at 7 morrent? Heas English (US)