Homework Answers
EBIT = Sales - Operating cost and Depreciation
= 30700891-14385331
= $16,315,560
Note: It is assumed that the firm does not have any other revenue or expenses other than those shown in question.
EBIT is the Net profit before providing for interest and tax. It can also be calculated as Net income + interest + tax
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QUESTION 1 Your firm has the following income statement items: sales of S30,700,891; income tax of...
Your firm has the following income statement items: sales of $40,266,215; income tax of $1,486,949; total...
Your firm has the following income statement items: sales of $40,266,215; income tax of $1,486,949; total operating costs and depreciation of $11,744,431; and interest expense of $683,626. What is the amount of the firm's EBIT?
Your firm has the following income statement items: sales of $50,250,000; income tax of $1744000; operating...
Your firm has the following income statement items: sales of $50,250,000; income tax of $1744000; operating expenses of $8750000; cost of goods sold of $35025000; depreciation and amortization of $1365000; and interest expense of $750000. What is the amount of the firm's after tax cash flow?
A- Consider a firm that reports the reports the following: sales $274,691, cost of goods sold $105,479...
A- Consider a firm that reports the reports the following: sales $274,691, cost of goods sold $105,479 and interest expense of $74,140. The firm has depreciation expense $57,257 and a 15% tax rate. During the last year the firm had an increase in gross fixed assets of $123,964 and a decrease in net operating working capital of $21,169. Calculate the firm's free cash flow. Your answer should be in dollars. So $30 million should be $30,000,000 B- Your firm has the following income statement...
You firm the following income statement items: sales of $50,100 costs (expenses) of $43,700 income tac...
You firm the following income statement items: sales of $50,100
costs (expenses) of $43,700 income tac of $1,700 depreciation of
$1,300 interesf expense of $750. What is net income?
Time Left:0:40:15 Mikala Baburam: Attempt 1 4) Minimizing risk of the firm Question 2 (2 points) Your firm has the following income statement items: Sales of $50,100, costs (expenses) of $43,700, income tax of $1,700, depreciation of $1,300, interest expense of $750. What is net income? 1) $4,700 O2) $4,050 3)...
QUESTION 15 Kwok Enterprises has the following income statement. How much after-tax operating income does the...
QUESTION 15 Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? $2,850 1,400 Sales Costs Depreciation EBIT Interest expense EBT Taxes (25%) Net income 250 $1,200 70 $1,130 283 $848 O a. $684 O b. $626 O c. $720 O d. $742 O e. $619
Question #1 (Working with the income statement) GMT Transport Company ended the year with record sales...
Question #1 (Working with the income statement) GMT Transport Company ended the year with record sales of $18 million. The firm's cost of goods sold totaled $10.8 million while its operating expenses (including depreciation) totaled $4 million. GMT paid $1.5 million in interest expense and had an income tax li-ability of $595,000. What is the firm's net income for the year? Question #2 (Working with the income statement) If GMT Transport Company (from the previous problem) plans to reinvest $1...
Following are the revenues and all expense items from a firm's income statement: Sales= 333,000 Cost...
Following are the revenues and all expense items from a firm's income statement: Sales= 333,000 Cost of Goods Sold= 200,000 Selling and General Expense= 61,500 Depreciation and Amortization= 24,000 Interest Expense= 6,000 Income Tax= 2,400 What is the firm's EBITDA interest coverage?
D Question 40 1 pts C. F. Lee Inc. has the following income statement. How much...
D Question 40 1 pts C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales Costs Depreciation EBIT Interest expense EBT Taxes (35%) Net income $3,100.00 1,850.00 192.00 $1,058.00 285.00 $773.00 270.55 S502.45 $845.87 $680.82 O $825.24 $687.70 $584,55 Previous Next FS F6 F3 19
11) C. F. Lee Inc. has the following income statement. How much after-tax operating income does...
11) C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $3,200.00 Costs 1,850.00 Depreciation 192.00 EBIT $1,158.00 Interest expense 285.00 EBT $873.00 Taxes (25%) 218.25 Net income $654.75 a. $900.25 b. $821.03 c. $868.50 d. $583.36 e. $835.43
*all answers must be entered as a formula Chevelle. Inc., has sales of $39.500, costs of...
*all answers must be entered as a formula
Chevelle. Inc., has sales of $39.500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 21 percent, what is the operating cash flow, or OCF? Sales Costs Depreciation Expense Interest Expense Tax rate 39,500 18,400 1,900 1,400 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT Interest Expense Tax rate 1,400 21% Complete...
You firm the following income statement items: sales of $50,100
costs (expenses) of $43,700 income tac of $1,700 depreciation of
$1,300 interesf expense of $750. What is net income?
Time Left:0:40:15 Mikala Baburam: Attempt 1 4) Minimizing risk of the firm Question 2 (2 points) Your firm has the following income statement items: Sales of $50,100, costs (expenses) of $43,700, income tax of $1,700, depreciation of $1,300, interest expense of $750. What is net income? 1) $4,700 O2) $4,050 3)...
QUESTION 15 Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? $2,850 1,400 Sales Costs Depreciation EBIT Interest expense EBT Taxes (25%) Net income 250 $1,200 70 $1,130 283 $848 O a. $684 O b. $626 O c. $720 O d. $742 O e. $619
Question #1 (Working with the income statement) GMT Transport Company ended the year with record sales of $18 million. The firm's cost of goods sold totaled $10.8 million while its operating expenses (including depreciation) totaled $4 million. GMT paid $1.5 million in interest expense and had an income tax li-ability of $595,000. What is the firm's net income for the year? Question #2 (Working with the income statement) If GMT Transport Company (from the previous problem) plans to reinvest $1...
D Question 40 1 pts C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales Costs Depreciation EBIT Interest expense EBT Taxes (35%) Net income $3,100.00 1,850.00 192.00 $1,058.00 285.00 $773.00 270.55 S502.45 $845.87 $680.82 O $825.24 $687.70 $584,55 Previous Next FS F6 F3 19
*all answers must be entered as a formula
Chevelle. Inc., has sales of $39.500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 21 percent, what is the operating cash flow, or OCF? Sales Costs Depreciation Expense Interest Expense Tax rate 39,500 18,400 1,900 1,400 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales Costs Depreciation expense EBIT Interest Expense Tax rate 1,400 21% Complete...
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