Question: I need an answer for this question in 30 min During 2014, Raines Umbrella Corp. had sales of $740.000 Cost of goods sold, administrative and

I need an answer for this question in 30 min

During 2014, Raines Umbrella Corp. had sales of $740.000 Cost of goods sold, administrative and selling expenses, and depreciation expenses were $54 company had an interest expense of $54,000 and a tax rate of 35 percent. (ignore any tax loss carryback or carryforward provisions.) 0,000, $85,000, and $100,000, respectively. In addition, the Suppose Raines Umbrella Corp. paid out 566,000 in cash dinvidends. Is this possible? lf spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt? (Do not round intermediate calculations.) Net new long-term debt References eBook & Resources Learning Objective 02-02 The difference between Section 2 4 cash Flow accounting income and cash now Worksheet Difficulty: Intermediate Section 21 The Balance sheet Check.my work

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