Reference no: EM132107815
1. National Importers has sales of $609,600, costs of $548,150, depreciation expense of $35,100, and interest paid of $12,400. The tax rate is 28 percent. How much net income did the firm earn for the period?
2. The Comfy Inn had beginning retained earnings of $18,670. During the year, the company reported sales of $93,490, costs of $68,407, depreciation of $8,200, dividends of $950, and interest paid of $478. The tax rate is 34 percent. What is the retained earnings balance at the end of the year?
3. Holly Farms paid $38,600 in dividends and $24,615 in interest over the past year while net working capital increased from $15,506 to $17,411. The company purchased $38,700 in net new fixed assets and had depreciation expenses of $14,784. During the year, the firm issued $20,000 in net new equity and paid off $23,800 in long-term debt. What is the amount of the cash flow from assets?
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How much net income did the firm earn for the period
: National Importers has sales of $609,600, costs of $548,150, depreciation expense of $35,100, and interest paid of $12,400. The tax rate is 28 percent.
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