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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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*** ****** = 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
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Tutor has posted answer for $10.00. See answer's preview
** Sydco is ** *** ******* ball ********