A1_371F09_SolnbyTA

A1_371F09_SolnbyTA - !"#$%&'%()*%')+!,-.,)/012) )...

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Questions 3 a) The income statement is: Income Statement Sales $ 13,000 Cost of good sold 10,400 Depreciation 1,900 EBIT 700 Interest 450 Taxable income 250 Taxes (34%) 85 Net income 165 b) OCF = EBIT + Depreciation – Taxes = $ 700 + 1,900 – 85 = $ 2,515 c) end beg end end beg beg Change in NWC = NWC NWC = (CA CL ) (CA ) = ($3,850 2,100) ($3,200 1,800) = $1,750 1,400 = $350 N ! ! ! ! ! ! ! ! end beg et capital spending = NFA NFA Depreciation = $9,700 9,100 + 1,900 = $ 2,500 CFA = OCF Change in NWC Net capital spending = $ 2,515 !" !
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This note was uploaded on 05/23/2010 for the course MATH 135 taught by Professor Andrewchilds during the Fall '08 term at Waterloo.

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A1_371F09_SolnbyTA - !&quot;#$%&amp;'%()*%')+!,-.,)/012) )...

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