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Butterfly Tractors had $20.50 million in sales last year. Cost of goods sold was $9.30 million, depreciation expense was $3.30 million, interest payment on outstanding debt was $2.30 million, and the firm's tax rate was 21%. Problem a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.)
Problem b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.)
Problem c. What would happen to net income and cash flow if depreciation were increased by $2.30 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.)
Problem d. What would be the impact on cash flow if depreciation was $2.30 million and interest expense was $3.30 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.)
A is evaluating Invader Company for 2020. Calculate the FCFE. Investment in working capital: 500,000. Depreciation: 2,500,000
On March 31, 2018, Infinity received a dividend of $0.50 per share on its Ioniq shares. Prepare journal entries for Infinity Inc. for its investment in Ioniq
A business purchased merchandise for 12,000 on account; terms are 2/10 n/30. If 2,000 of the merchandise was returned and the remaining amount due was paid within the discount period, the purchase discount would be:
Canadian Tire paid $143 for a humidifier. Expenses are 16% of cost and the profit is 25% of cost. What is the regular selling price
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NPV and IRR evaluation techniques may provide conflicting rankings,for projects with non-conventional cash flows,for mutually exclusive projects
If you require a 14 percent return, should you invest in the firm? What is the expected return for Dalton's stock? What is the growth rate for Dalton Inc.?
You expect to earn 12% annually on the account. How many years will it take to reach your goal? Do not round intermediate calculations
Describing the effect of each transaction on assets, liabilities, and stockholder's equity: Selected transactions for Thyme Advertising Company, Inc.
If the company only receives subscriptions for 96% of the total shares offered, calculate how much the underwriter would receive from the share offering.
Teach me and explain how to fill out a correct statement of comprehensive income, beginning with income before income taxes.
Xilinx's net income (earnings) is $2,767,500,000. It is paying $590,400,000 in dividends. What is the firm's dividend payout ratio
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