Answer the following on a Word or Google Sheet file. Please upload the file

with answers to Canvas $($the same process as the previous assignment$).$

The assets of Duc In Altum, LLC consist entirely of current assets and

net plant and equipment, and the firm has no excess cash. This firm

has total assets of $$2\mathrm{.}5$ million and net plant and equipment is $$2$

million. It has notes payable of $$150,000,$ long$-$term debt of $$750,000,$

and total common equity of $$1\mathrm{.}5$ million. The firm has accounts

payable and accruals on its balance sheet. The firm only finances with

debt and common equity, so it has no preferred stock on its balance

sheet.

a$.$ What is the firm's total debt?

b$.$ What is the amount of total liabilities and equity that appears on

the firm's balance sheet?

c$.$ What is the balance of current assets on the firm's balance

sheet?

d$.$ What is the balance of current liabilities on the firm's balance

sheet?

e$.$ What is the firm's net working capital?

f$.$ What is the firm's net operating working capital?

Barnes and Noble reported $$15$ million of net income. Its EBIT was

$$20\mathrm{.}8$ million and its corporate tax rate was $25\%.$ What was its interest

expense?

Hint: Write out the headings for an income statement and fill in the known

values. Then divide the net income by $(1-T)=0\mathrm{.}75$ to find the pretax income.

The difference between EBIT and taxable income is interest expense, You can

use this procedure to solve similar problems.

Crux Industries, Inc. has $$39,000$ in cash at year$-$end $2022$ and $$11,000$

at year$-$end $2023.$ The firm invested in property, plant, and equipment

totaling $$210,000-$ the majority having useful life of more than $20$

years and falling under the alternative depreciation system. Cash flow

from financing activities totaled positive $$120,000.$ What was the cash

flow from operating activities?

Use the financial statements below to answer these questions

a$.$ What was net working capital for $2018$ and $2019?$

b$.$ What was net operating working capital for $2018$ and $2019?$ All

cash is not needed for operations.