sets ($7,240); EBIT = $1,000; depreciati- t working capital = ($2,000); beginning %3D %3D lect one: a. $35,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Calculate ending fixed assets given the following information: cash flow from
assets ($7,240); EBIT = $1,000; depreciation = $100; taxes $240; change in
net working capital = ($2,000); beginning fixed assets =
%3D
%3D
%3D
$30,000
%3D
Select one:
O a. $35,000
O b. $25,000
O c. $20,000
O d. $30,000
e. $40,000
Transcribed Image Text:Calculate ending fixed assets given the following information: cash flow from assets ($7,240); EBIT = $1,000; depreciation = $100; taxes $240; change in net working capital = ($2,000); beginning fixed assets = %3D %3D %3D $30,000 %3D Select one: O a. $35,000 O b. $25,000 O c. $20,000 O d. $30,000 e. $40,000
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