Last year Martin Motors reported the following income statement: sales of $17,000,000, cost of goods sold 60%
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Last year Martin Motors reported the following income statement:
sales of $17,000,000,
cost of goods sold 60% of sales,
interest expense of $2,500,000,
preferred stock dividend of $200,000,
common stock dividend of $1,650,000,
depreciation of $4,000,000, and
other administrative expense of $800,000.
In addition, capital expenditures were $5,000,000 and net operating working capital increased by $3,200,000. The tax rate was 30%.
Find operating income for last year. What is another name for operating income?
Find free cash flow for last year.
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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