Question

In: Finance

Your firm has the following data ISSales $50,250,000Income tax: $1,744,000Operating Expenses $10,115,000Cost...

Your firm has the following data IS

Sales $50,250,000

Income tax: $1,744,000

Operating Expenses $10,115,000

Cost of good sold $35,025,000

Interest expense $750,000

a. What is the amount of EBIT?

b. What is the amount of Gross Profit of the firm?

c. What is the amount of Income before contributions from the firm?

—————

Your firm has the following data from the Balance Sheet:

$ 805,000 total current liability

$ 2,655,000 Total assets

$ 1,770,000 Fixed and other assets

$ 200,000 Long term debt

A.What is the total amount of Current Assets?

b. What is the amount of Stockholders' equity of the firm?

C. What is the amount of Net Working Capital of the firm?

Expert Solution

jeff jeffy answered 2 years ago

Your firm has the following data Income Statement Sales $50,250,000 Income tax: $1,744,000 Operating Expenses $10,115,000...

Your firm has the following data Income Statement Sales $50,250,000 Income tax: $1,744,000 Operating Expenses $10,115,000 Cost of good sold $35,025,000 Interest expense $750,000 a. What is the amount of EBIT? b. What is the amount of Gross Profit of the firm? c. What is the amount of Income before contributions from the firm?

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