Project #106043 - Finance

1.Fraser Corporation has announced that its net income for the year ended June 30, 2011, was $1,353,412. The company had EBITDA of $4,464,401, and its depreciation and amortization expense was equal to $833,765. The company's tax rate is 34 percent. What was its interest expense? (Round answer to 2 decimal places, e.g. 15.25.)

2.Columbia Construction Company earned $388,133 during the year ended June 30, 2011. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $1,023,548, what was the retained earnings on its balance sheet on July 1, 2010?

 

3. Tim Dye, the CFO of Blackwell Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $220,232, retained earnings of $512,159, inventory of $284,785, goodwill and other assets equal to $78,656, net plant and equipment of $682,731, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Blackwell Automotive have?

Subject Mathematics
Due By (Pacific Time) 01/30/2016 12:00 am
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