Butterfly Tractors had $16.50 million in sales last year. The cost of goods sold was $8.50 million, depreciation expense was $2.50 million, interest payment on outstanding debt was $1.50 million, and the firm's tax rate was 21%. A. What was the firm's net income? B. What was the firm's cash flow?
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- Butterfly Tractors had $23.00 million in sales last year. Cost of goods sold was $9.80 million, depreciation expense was $3.80 million, interest payment on outstanding debt was $2.80 million, and the firm’s tax rate was 21%. What was the firm’s net income? Note: Enter your answer in millions rounded to 2 decimal places. What was the firm’s cash flow? Note: Enter your answer in millions rounded to 2 decimal places. What would happen to net income and cash flow if depreciation were increased by $2.80 million? Note: Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance. Would you expect the change in depreciation to have a positive or negative impact on the firm’s stock price? What would be the impact on net income if depreciation was $1 million and interest expense was $2 million? What would be the impact on cash flow if depreciation was $2.80 million and interest expense was $3.80 million? Note: Enter your…Financial accountingSheryl’s Shipping had sales last year of $16,000. The cost of goods sold was $7,700, general and administrative expenses were $2,200, interest expenses were $1,700, and depreciation was $2,200. The firm’s tax rate is 21%. What are earnings before interest and taxes? What is net income? What is cash flow from operations?
- Sheryl’s Shipping had sales last year of $13,000. The cost of goods sold was $7,100, general and administrative expenses were $1,600, interest expenses were $1,100, and depreciation was $1,600. The firm’s tax rate is 35%. a. What are earnings before interest and taxes? Earnings before interest and taxes $ b. What is net income? Net income $ c. What is cash flow from operations? Cash flow from operations $Want the Answer with calculationYour firm has net income of $315 on total sales of $1,260. Costs are $700 and depreciation is $110. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?
- consider a company with sales of $18,000.0 million, cost of goods sold of 42% of sales, other expenses including salaries ( we usually call this SG&A for selling, general and administrative) of 1750.0million, depreciation of 2250.0 million, and interest expense of 2300 million. tax rate =21%. a. generate an income statement and show net income b. what is the company's operating cash flow? c. if there are 775.2 million shares outstanding, what is the EPS? d. if the company has a payout ratio of 20%, what is the dividends per share?Sun, Incorporated has sales of $42,730, costs of $13,830, depreciation expense of $2,030, and interest expense of $1,210. The tax rate is 20 percent. What is the firm's Operating Cash Flow?Suppose a firm has the following information: Sales = $10million; costs of goods sold (excluding depreciation) = $5 million;depreciation = $1.4 million; other operating expenses = $2 million;interest expense = $1 million. If the tax rate is 25%, what is NOPAT,the net operating profit after taxes? ($1.2 million)
- Your firm has net income of $338 on total sales of $1,420. Costs are $780 and depreciation is $120. The tax rate is 35%. The firm does not have interest expenses. What is the operating cash flow?A firm's income statement included the following data. The firm's average tax rate was 30%. (Round each step to the nearest dollar.) Cost of goods sold Income taxes paid Administrative expenses Interest expense Depreciation a. What was the firm's net income? Net income b. What must have been the firm's revenues? Revenues c. What was EBIT? EBIT tA $ 7,600.00 11,271.00 1,900.00 2,600.00 3,200.00 LAWhat is keys' profit margin?