During the year, the senbet discount tire company had gross saels of 556900.  the companys cost of goods sold and selling expenses were 189200 and 110200, respectively.  The company aslo had debt of 496000 which carried and interest rate of 6 percent. depreciation was 65700, tax rate 21 percent.  a. what is the companys net income? b. what was the companys operating cash flow?

Q: Kipay Co. had the following account balances: Sales - P120,000; Cost of goods sold - P60,000; Salary…

A: Income before tax means the profit earned before paying any taxes to the government authorities. It…

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A: NOPAT is also known as Net Operating profit after Tax. It is that amount which is earned from the…

Q: Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses…

A:

Q: Assume that the Bubba Co. has $1,000,000 in Sales ($600,000 on account; $400,000 for cash), Cost of…

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Q: Consider the following income statement: Sales Costs Depreciation Taxes $ 748,168 486,752 110,700…

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A: Profit Margin RatioProfit margin is a financial statistic that determines the proportion of profit…

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A: The difference between the sales and the cost of goods sold is called gross profit. Gross profit…

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A: Solution-  The income statement include all activity that affact the business over a period of time.…

Q: What is the net income for the current year?

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A: Here, Total Assets is $265,000 EBIT is $62,500

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Q: None

A: Step 1: Introduction to the Net Income:Net income is the total of a company's income minus any cost…

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A: Formula: EBIT = Net sales - Cost of goods sold - Operating expenses

Q: Evening Story Corporation has sales of $4,944,222; income tax of $571,164; selling, general, and…

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Q: Calculate economic profit based on the following information: WACC = 7.60%; Total Assets = $1,366;…

A: Stet 1

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Q: A firm's income statement included the following data. The firm's average tax rate wa 30%. (Round…

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Q: NEED ANSWER WITH EXPLANATION

A: Approach to Solving the Question1.Calculate Gross Profit: Subtract the cost of merchandise sold from…

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A:

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A: Capital turnover rate is calculated as net sales divided by capital employed.

Q: Net income

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Q: Revenues = $15,369. Cost of Goods Sold $5,114. Depreciation Expense = $2,496, Interest = $537 and…

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Q: using the income statement for chester corp below, what is operating cash flow (OCF) for the…

A: GIVEN, sales- 925,000 COGS- 458,000 Dep Exp- 195,000 EBIT- 272,000 Int exp- 55,800 EBT- 216,200…