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Question - Income Statement - At the end of last year, Pink Power Company achieved $ 6 million in revenue (EBITDA). Depreciation expenses were $ 1.2 million, those of interest paid $ 800,000 and the corporate tax rate was 35%. At the end of the fiscal year the company had current assets that totaled $ 12 million, $ 4 million in accounts payable, $ 1.5 million in accumulated debt, $ 1.3 million in other debts payable, and $ 8 million in property, plant and equipment. Sup or n King Power that the company does not have excess cash, debt and equity used to finance its operations , it has no current liabilities and recognizes depreciation periodically.
Required -
1. Determine the net income or loss of the business. Explain how this result can help the manager in making decisions in the company.
2. Calculate the net working and operating capital. Explain the difference between the two results.
3. If the company had $ 6 million in property, plant and equipment the previous year and net operating working capital remained constant, what is the cash flow available from the company? Explain how the available flow result helps managers in the financial planning process.
Oriole Company follows the practice of pricing its inventory at LCNRV, on an individual-item basis.
Toni Prevosti is opening a new business, Prevosti Farms and Sugarhouse, which is a small company that will harvest, refine, and sell maple syrup products. In subsequent chapters, you will have the opportunity to establish payroll records and complete..
Why would a financial manager or analyst be concerned if the Allowance for Doubtful Accounts balance increased or decreased significantly?
Which method for preparing the Operating Activities section of the statement of cash flows, the direct or the indirect method, do you believe provides more information to users of the statement?
Wildhorse Co,Using the five-step process for revenue recognition, determine when and how much revenue would be recognized by Wildhorse. Assume IFRS is followed.
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On July 1, the cash account balance was $37,450. During July, cash payments totaled $115,860 and the July 31 balance was $29,600. Determine the cash receipts during July.
The dividend payout ratio is 20% and the gross dividend yield is 4%. The earnings per share is £0.60. What is the price/earnings ratio of the company?
Assuming Liverpool holds negligible amounts of cash and marketable securities; calculate its total asset turnover and return on assets.
What the expenses reported by Allyson's Auto for the year was? Allyson's Auto started the year with total assets of $100,000 and total liabilities of $60,000.
Why would a company pay to have its public debt rated by a major rating agency (such as Moody's or Standard and Poor's)? Why might a firm choose not to have its debt rated?
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