Edwards Electronics recently reported $11,250 of sales, $5,500 of operating costs other than depreciation, and $1,250...
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Edwards Electronics recently reported $11,250 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 40%. How much was its net cash flow? |
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Homework Answers
| Sales | 11250 |
| (-) Operating cost other than depreciation | (5500) |
| (-) Depreciation | (1250) |
| Earnings before interest and tax | 4500 |
| (-) Interest expense [ 3500 * 6.25% ] | (218.75) |
| Earnings before tax | 4281.25 |
| (-) Tax @ 30% | (1712.5) |
| Net income | 2568.75 |
| Net cash flow = Net income + Depreciation = 2568.75 + 1250 | 3818.75 |
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Edwards Electronics recently reported $11,250 of sales, $5,500
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