Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

Question 1 If Cleveland Motors Had an EBIT of $22,638,400, Interest of $7,245,000

/in /by

Question 1
If Cleveland Motors Had an EBIT of $22,638,400, Interest of $7,245,000 and is taxed at an average rate of 32% what is their Net Income?

Your Answer:

Question 7 options:

Answer

Question 2

Using the information below — what was Bala Industries’ Cash Flow from Financing for the year ending 6/30/2011?

Increase in inventories $25

Purchased treasury stock $27

Purchased property & equipment $25

Net Income $331

Decrease in accrued income taxes $45

Depreciation & amortization $116

Decrease in accounts payable $14

Increase in accounts receivable $28

Increase in Long-term debt $103

Your Answer:

Question 8 options:

Answer

Question 3
Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,084,000. Depreciation and amortization was $896,000, interest expense for the year was $802,500, and selling general and administrative expenses totaled $1,567,200 for the year, and cost of goods sold was $10,881,200 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?

Your Answer:

Question 10 options:

Answer

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"