Homework Answers
EBIT = sales-COGS-depr. exp.-SG&A = 47-15-2-3 = 27
Net income = (EBIT-interest-taxes) = 27-7-6 = 14
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Chapter 14 Practice Test Question 01 Income Statement Items You have the following data (in millions):...
Chapter 14 Practice Test Question 08 ROE A firm has net income of $28 million, assets...
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Chapter 14 Practice Test Question 16 13 Ratios Using the firm's data provided below explain why...
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Chapter 14 Practice Test Question 04 Statement of Cash Flows Given the following cash flow items find cash provided by operations. Net income $9,500 (mill) Gross investment in tangible $ 1,700 assets Dividends $ 1,700 Depreciation $ 1,000 Increase in receivables $2,400 Increase in payables $ 1,700 Additions to long term debt $ 4,100 Reduction in short term debt $ 1,200 $8,600 $8,100 $11,000 Chapter 14 Practice Test Question 05 Statement of Cash Flows Given the following cash flow items...
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