Reference no: EM132954518
The following information is taken from Lillo's Incorporated last year's financial statements:
Operating income = $5 million
Interest expense = 20% of EBIT
Corporate tax = 40%
Net Depreciation expense = $1 million
Total assets = $29 million
Net fixed assets = $15 million
Accounts payable = $3 million
Notes payable = $5 million
Accruals = $1 million
Problem 1: What is Lillo's Inc. net income or a net loss?
Problem 2: What is the company's net operating profit after tax?
Problem 3: What's the company's net cash flow?
Problem 4: What is the company's operating cash flow?