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 items: sales of $35,274,727; income tax of $1,208,550; total operating costs and depreciation of $13,031,580; and interest expense of $610,968. What is the amount of the firm's EBIT?
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A- Consider a firm that reports the reports the
following: sales $274,691, cost of goods sold $105,479...
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?
QUESTION 1 Your firm has the following income statement items: sales of S30,700,891; income tax of...
QUESTION 1 Your firm has the following income statement items: sales of S30,700,891; income tax of $1,437,043; total operating costs and depreciation of $14,385,331, and interest expense of S632,231. What is the amount of the firm's EBIT?
ABC Stores has a net sales of $180,000 in 2014. The cost of goods sold was...
ABC Stores has a net sales of $180,000 in 2014. The cost of goods sold was $85,000, operating expenses (excluding depreciation) were $35,000, interest expenses were $5,000 and depreciation expense was $20,000. The firm's tax rate is 35 percent. a. What is the company's earnings before interest and taxes (EBIT) for 2014? b. What is the net income? c. Suggest a change in the activities of the firm that would lead to an increase in gross margin of 20%, e.g....
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million...
Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and operating expenses amounting to $840,000. The firm had $114,000 in depreciation expense. In addition, the firm paid 8% interest on $625,000 in bonds, received $30,000 in dividend income, and sold property for a $10,000 capital loss. What was the firm's tax payment? $62,160 $63,210 $59,010 $68,460 $65,310 Last year, California Sushi and Such (CSS) had sales of $65 million. The firm's operating expenses...
Environ Systems is a firm that specializes in cleaning environmental damage (waste disposal) and specialty chemicals. The income statement is reported below: Revenues $1,000 - Cost of goods sold...
Environ Systems is a firm that specializes in cleaning environmental damage (waste disposal) and specialty chemicals. The income statement is reported below: Revenues $1,000 - Cost of goods sold 550 - Depreciation 150 Operating Profit (EBIT) 300 - Interest expenses 100 Taxable Income 200 Taxes 60 Net Income $140 You are also provided with the following information: The firm reported capital expenditures of $ 50 million in the most recent year and also made two acquisitions – one for $125...
Question 2 USF Inc., a firm in the travel business, reported earnings before interest and taxes...
Question 2 USF Inc., a firm in the travel business, reported earnings before interest and taxes of $60 million last year, but you have uncovered the following additional items of interest: 1. The firm had operating lease expenses of $50 million last year and has a commitment to make equivalent payments for the next 8 years. 2. The firm reported CAPEX of $30 million and depreciation of $50 million last year. The firm also made two acquisitions one funded with...
A company reports sales revenue of $314 million, cost of goods sold of $187 million, selling...
A company reports sales revenue of $314 million, cost of goods sold of $187 million, selling and administrative expenses of $77 million, depreciation of $20 million, and interest expense of $5 million. What is the company's after-tax operating income (to one decimal place) if the corporate tax rate is 30%?
A company reports sales revenue of $328 million, cost of goods sold of $187 million, selling...
A company reports sales revenue of $328 million, cost of goods sold of $187 million, selling and administration expenses of $77 million, depreciation of $16 million and interest expense of $7 million. What is the company's after-tax operating income (to one decimal place) if the corporate tax rate is 30%?
A firm has sales of $21,000, EBIT of $9,000, depreciation of $3,000, and fixed assets increased...
A firm has sales of $21,000, EBIT of $9,000, depreciation of $3,000, and fixed assets increased by $4,000. If the firm's tax rate is 30 percent and a $2,000 increase in net operating working capital, what is the firm's free cash flow?
A firm has sales of $10,000, EBIT of $3,000, depreciation of $400, and fixed assets increased...
A firm has sales of $10,000, EBIT of $3,000, depreciation of $400, and fixed assets increased by $2,000. If the firm's tax rate is 30 percent and there were no increases in net operating working capital, what is the firm's free cash flow? Multiple Choice $500 $600 $7400 -$1,220
QUESTION 1 Your firm has the following income statement items: sales of S30,700,891; income tax of $1,437,043; total operating costs and depreciation of $14,385,331, and interest expense of S632,231. What is the amount of the firm's EBIT?
Question 2 USF Inc., a firm in the travel business, reported earnings before interest and taxes of $60 million last year, but you have uncovered the following additional items of interest: 1. The firm had operating lease expenses of $50 million last year and has a commitment to make equivalent payments for the next 8 years. 2. The firm reported CAPEX of $30 million and depreciation of $50 million last year. The firm also made two acquisitions one funded with...
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