For the most recent fiscal year, Carmichael Hobby Shop recorded EBITDA of $512,725.20, EBIT of $362,450.20, zero interest expense, and cash flow to investors from operating activity of $348,461.25. Assuming there are no non-cash revenues recorded on the income statement, what is the firm's net income after taxes? Hint: Using the template below, complete the Income Statement using the figures given above and enter formulas in the appropriate cells to compute the missing figures. Remember that Cash flow = Net income + Depreciation. After computing Net income, work from the bottom up to determine the value of Taxes, EBT, Interest, and Costs. Carmichael Hobby Shop Income Statement for the period ending March 31, 2009 Revenues Costs EBITDA Depreciation EBIT Interest Amount $1,314,680.00

For the most recent fiscal year, Carmichael Hobby Shop recorded EBITDA of $512,725.20, EBIT of $362,450.20, zero interest expense, and cash flow to investors from operating activity of $348,461.25. Assuming there are no non-cash revenues recorded on the income statement, what is the firm's net income after taxes? Hint: Using the template below, complete the Income Statement using the figures given above and enter formulas in the appropriate cells to compute the missing figures. Remember that Cash flow = Net income + Depreciation. After computing Net income, work from the bottom up to determine the value of Taxes, EBT, Interest, and Costs. Carmichael Hobby Shop Income Statement for the period ending March 31, 2009 Revenues Costs EBITDA Depreciation EBIT Interest Amount $1,314,680.00

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.19E

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Alanta Corporation reported the following information for Year 7 and Year 6. Operating assets Operating liabilities Net cash flow from operations Net operating profit after tax (NOPAT) Discount factor December 31 Select one: What are the company's free cash flows to the firm (FCFF) for Year 7? O Year 7 Year 6 $131,281 $122,569 96,628 91,869 37,367 31,632 26,697 25,394 6% 6% a. None of these are correct b. $20,962 c. $33,414 d. $30,650 e. $22,744
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What is the firm's cash flow from operations?
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