Question 1 - If Cleveland Motors Had an EBIT of $22,638,400, Interest of $7,245,000 and is taxed at an average rate of 32% what is their Net Income?
Question 2 - Using the information below -- what was Bala Industries' Cash Flow from Financing for the year ending 6/30/2011?
Increase in inventories $25
Purchased treasury stock $27
Purchased property & equipment $25
Net Income $331
Decrease in accrued income taxes $45
Depreciation & amortization $116
Decrease in accounts payable $14
Increase in accounts receivable $28
Increase in Long-term debt $103
Question 3 - Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,084,000. Depreciation and amortization was $896,000, interest expense for the year was $802,500, and selling general and administrative expenses totaled $1,567,200 for the year, and cost of goods sold was $10,881,200 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax?