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The 2013 income statement of Southern Products, Inc., showed $2.4 million EBIT, $530,000 depreciation, $300,000 interest expenses, and its tax rate is 34%. If the
The 2013 income statement of Southern Products, Inc., showed $2.4 million EBIT, $530,000 depreciation, $300,000 interest expenses, and its tax rate is 34%. If the firm's net capital spending for 2013 was $620,000, and the firm increased its net working capital investment by $50,000, find the firm's 2013 cash flow from assets (CFFA). Do not include the $ sign or comma, and round it to a whole dollar, e.g., 2345 (for $2,345).
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