Question
The following question(s) refer to the year-end account balances for UBUS, Inc. The accounts are listed in alphabetical order, NOT in the order they appear
The following question(s) refer to the year-end account balances for UBUS, Inc. The accounts are listed in alphabetical order, NOT in the order they appear on the financial statements. Amounts are in millions of dollars. The applicable tax rate is 35%.
Cost of Goods Sold | 335 |
Depreciation Expense | 30 |
Interest Expense | 20 |
Operating Expense (excluding depreciation) | 115 |
Sales | 600 |
Tax | ??? |
Accounts Payable | 35 |
Accounts Receivable | 65 |
Accruals | 30 |
Accumulated Depreciation | (175) |
Cash | 35 |
Common Stock | 120 |
Fixed Assets (gross) | 385 |
Inventory | 135 |
Long Term Debt | 200 |
Retained Earnings | 60 |
___________________________ | __ |
a) What was UBUS Inc.'s earnings before interest and taxes (EBIT)? ____________
b) What is UBUS Inc.'s tax liability? __________
c) What was UBUS Inc.'s Net Income? __________
d) What is UBUS Inc.'s Total Assets? ___________
e) What is UBUS Inc.'s Total Equity? ____________
f) What is UBUS Inc.'s Net Working Capital? ____________
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