The 2013 income statement of Southern Products, Inc., showed $2.7 million EBIT. $470,000 depreciation, $300,000 interest...

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The 2013 income statement of Southern Products, Inc., showed $2.7 million EBIT. $470,000 depreciation, $300,000 interest expenses, and its tax rate is 34%. If the firm's net capital spending for 2013 was $420,000, and the firm increased its net working capital investment by $60,000, find the firm's 2013 cash flow from assets (CFFA). Do not include the $ sign or comma, and round it to a whole dollar, e.g.. 2345 (for $2,345). Your Answer: D The 2013 income statement of Southern Products, Inc., showed $2.7 million EBIT. $470,000 depreciation, $300,000 interest expenses, and its tax rate is 34%. If the firm's net capital spending for 2013 was $420,000, and the firm increased its net working capital investment by $60,000, find the firm's 2013 cash flow from assets (CFFA). Do not include the $ sign or comma, and round it to a whole dollar, e.g.. 2345 (for $2,345). Your Answer: D

Answer rating: 100% (QA)

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