14. Carlisle Carpets has cost of goods sold of $92,511, interest expense of $4,608, dividends paid...

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14. Carlisle Carpets has cost of goods sold of $92,511, interest expense of $4,608, dividends paid of $3,200, depreciation of

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Answer 1

Answer #1

A) $34,296.00

Net income = $3,200 + $11,920

Net income = $15,120

Taxable income = $15,120/ (1 − 0.21)

Taxable income = $19,139.24

EBIT = $19,139.24 + $4,608

EBIT = $23,747.24

Taxes = $19,139.24 − $15,120

Taxes = $4,019.24

OCF = $23,747.24 + 14,568 − 4,019.24

OCF = $34,296.00

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Answer 2

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