Solution-Recently reported $6 million of net income

Recently reported $6 million of net income

Reference no: EM13701912

2-3, Molteni Motors Inc. recently reported $6 million of net income. Its EBIT was $13, and its tax rate was 40%. What was its interest expense? (hint: write out the headings for an income statement, and then fill in the known values. Then divide $6 million net income by 1-T=0.6 to find the pre-tax income. Use this procedure to work some of the other problems.) Answer... $3,000,000

2-5, Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $500,000. What was its net cash flow? Assume it had no amortization expense. Answer... $3,600,000

Reference no: EM13701912

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Recently reported $6 million of net income

Reference no: EM13701912

Reference no: EM13701912

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