Question
Thefollowing three questionsare based on the same Income Statement listed below: Apex Manufacturing has the following amounts on its 2016 Income Statement. ($Million) Net Sales$1,500
Thefollowing three questionsare based on the same Income Statement listed below:
Apex Manufacturing has the following amounts on its 2016 Income Statement. ($Million)
Net Sales$1,500
Cost of Goods Sold 1,000
Selling & Administrative expenses 200
Depreciation and Amortization 90
Interest expense 10
The average tax rate of the company is 35%.
The Net Income of the company in 2016 is _________ million.
a. $84.5 b.$136.5 c.$195 d.$130
The Cash Flow to investors from operating activity (CFOA) in 2016 is _________ million.
a. $320 b.$230 c.$180 d.$130
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
