2. Waitrose has sales of £820,000 and costs of £600,000. Interest expense is £36,000 and depreciation is £54,000. The tax rate is 21 percent. What is the net income? a. £102,6704 b. £102,700 с. £115,000- £189,250 d. 3. At the beginning of the year, a firm had total assets of £52,700, fixed assets of £33,200, and current liabilities of £13,280. At the end of the year, the current assets are £15,000, the fixed assets are £34,100, and the current liabilities are £14,210. What is the change in net working capital for the year? а. -£18,2604 b. -£5,4304 с. £9,110- d. £12,450

2. Waitrose has sales of £820,000 and costs of £600,000. Interest expense is £36,000 and depreciation is £54,000. The tax rate is 21 percent. What is the net income? a. £102,6704 b. £102,700 с. £115,000- £189,250 d. 3. At the beginning of the year, a firm had total assets of £52,700, fixed assets of £33,200, and current liabilities of £13,280. At the end of the year, the current assets are £15,000, the fixed assets are £34,100, and the current liabilities are £14,210. What is the change in net working capital for the year? а. -£18,2604 b. -£5,4304 с. £9,110- d. £12,450

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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