In the previous problem, suppose the firm was operating at only 80 percent capacity in 2008. What
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In the previous problem, suppose the firm was operating at only 80 percent capacity in 2008. What is EFN now?
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MOOSE TOURS, INC. 2008 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes Net income $929,000 723,000 19,000 $187,000 14,000 $173,000 60,550 $112,450 $33,735 78,715 Addition to retained earnings MOOSE TOURS, INC Balance Sheet as of December 31, 2008 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory $ 25,300 Accounts payable $68,000 17,000 $85,000 $158,000 40,700 Notes payable 86,900 Total Total Fixed assets $152,900 Long-term debt Owners' equity Net plant and equipment 413,000Common stock and paid-in surplus $140,000 182,900 322,900 $565,900 Retained earnings Total Total assets $565,900 Totalies and owners' equity
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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