Homework Answers
rate positively .. let me know if you need any clarification..
| Ans 2 | |||||
| a) | income statement | ||||
| Sales | 20000 | ||||
| Cost of goods sold | 13000 | ||||
| Gross profit | 7000 | ||||
| Operating expenses | |||||
| General and administrative expenses | 2000 | ||||
| Depreciation | 2000 | ||||
| Operating income | 3000 | ||||
| Interest expenses | 1000 | ||||
| Earning before tax | 2000 | ||||
| Tax @ 20% | 400 | ||||
| Net income | 1600 | ||||
| b) | Earning before interest tax and depreciation =3000+2000 | 5000 | |||
| c) | Earning before tax= | 2000 | |||
| d) | Net income= | 1600 | |||
| e) | Free cash flow = Net income + depreciation = | 3600 | |||
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