Butterfly Tractors had $23.00 million in sales last year. Cost of goods sold was $9.80 million, depreciation expense was $3.80 million, interest payment on outstanding debt was $2.80 million, and the firm’s tax rate was 21%.
a. What was the firm’s net income? (Enter your answers in
millions rounded to 2 decimal places.)
b. What was the firm’s cash flow? (Enter your answers in millions
rounded to 2 decimal places.)
c. What would happen to net income and cash flow if depreciation
were increased by $2.80 million? (Enter your numeric answers in
millions rounded to 2 decimal places. Select "unaffected" if the
results do not affect the balance.)
f. What would be the impact on cash flow if depreciation was $2.80
million and interest expense was $3.80 million? (Enter your numeric
answer in millions rounded to 2 decimal places. Select "unaffected"
if the results do not affect the balance.)
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Butterfly Tractors had $23.00 million in sales last year. Cost of goods sold was $9.80 million,...
Butterfly Tractors had $15.50 million in sales last year. Cost of goods sold was $8.30 million, depreciation expense was $2.30 million, interest payment on outstanding debt was $1.30 million, and the firm’s tax rate was 21%. a. What was the firm’s net income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firm’s cash flow? (Enter your answers in millions rounded to 2 decimal places.) c. What would happen to net income and cash flow...
Butterfly Tractors had $20.50 million in sales last year. Cost of goods sold was $9.30 million, depreciation expense was $3.30 million, interest payment on outstanding debt was $2.30million, and the firm's tax rate was 30%. a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) Net income million b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) Net cash flow million C. What would happen...
Butterfly Tractors had $21.50 million in sales last year. Cost of goods sold was $9.50 million, depreciation expense was $3.50 million, interest payment on outstanding debt was $2.50 million, and the firm's tax rate was 21% a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) c. What would happen to net income and cash flow...
Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. = = Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 15,000 $250,000 $150,000 $ 27,000 $ 22,000 $220,000 = = BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Assets Total assets 0 Total liabilities & shareholders' equity Butterfly Tractors had $19.00 million in sales last year. Cost of goods sold was $9.00 million, depreciation expense was $3.00 million,...
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