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QUESTION

Sydco is in the bowling ball industry and you are

Sydco is in the bowling ball industry and you are interviewing for a position as chief accountant in their Dallas office. In order to assure the management staff that you are qualified for the job, one of the tasks they have asked you to do is an evaluation of useful data into a form that can be used by all of management. You have been given the following information:

Sydo Summary

Gross Income

$ 360

Depreciation Expense

$ 81

Tax Rate

40%

After Tax Cost of Capital

9%

Operating Income

$ 30

Interest Expense

$ 8

Current Assets

$ 196

Net Plant and Equipment

$ 126

Current Liabilities

$ 87

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ANSWER

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$10.00

*** ****** = Operating ****** ******* ******** ******** * ** ******* *** ******

***

Income * ** ******* * x (1 – 040) * ****** ***

Operating

Profit ***** *** = ********* income * ** ******* *** ****** *** *********

******

***** *** = 30 x ** ***** = **** ********* **** ****

*

*** ********* Profit ***** *** * ************* ********* Cash **** =

**

* 81 = **** Net Cash Flow * ***

Income

* Depreciation *** **** **** * **** +

**

* $9420 ******* ***** ** *** **** ** 225

which

** * **** ********* of *** ********* health ** *** company ***** **** **** the ***** portion ** *** *************** expenses is in the **** ** ************ ***** ** a *** **** ******* ** ***** ** ** ******* ** liquidity ** *** ******* ******* ** ******* ******* ** * ********** **** ** 9% ***** means ******* ** ********** by *** public ** * *** risk ******* ******** ******* is also low ** compared to operating ****** ** the ******* so ***** ** no **** ** ***** *** ********* *** *** company ** ****** a sound financial ********

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ANSWER

Tutor has posted answer for $10.00. See answer's preview

$10.00

** Sydco is ** *** ******* ball ********

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