Craig’s Driving School’s 2013 balance sheet showed net fixed assets of $3.9 million, and the 2014 balance sheet showed net fixed assets of $4.4 million. The company’s 2014 income statement showed a depreciation expense of $745,000. What was net capital spending for 2014? Select one: a. $1,245,000 b. $1,145,000 c. $1,305,000 d. -$1,45,000
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Craig’s Driving School’s 2013
Select one:
a. $1,245,000
b. $1,145,000
c. $1,305,000
d. -$1,45,000
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- A firm has net fixed assets of $8 million on December 31, 2014 and $14.5 million on December 31, 2015. If the depreciation expense for 2014 was $630,000 (.63 million), what was the firm's 2015 capital spending? A) $8.63 million B) $22.50 million C) $ 6.50 million D) 7.13 million E) $23.13 million WBouvous Corporation had the following information for 2015:Revenue $400,000Operating expenses 350,000Total assets 530,000What is the return on investment?Rotweiler Obedience School’s December 31, 2009, balance sheet showed net fixed assets of $1,942,681, and the December 31, 2010, balance sheet showed net fixed assets of $2,096,821. The company’s 2010 income statement showed a depreciation expense of $92,605. What was Rotweiler’s net capital spending for 2010?
- XYZ Corp. had the following data for 2012, in millions: Net income = $500; EBIT = $700; Depreciation & Amortization = $100; and Gross fixed assets = $2,000. Information for 2013 is as follows: Net income = $625; EBIT = $925; Depreciation & Amortization = $110; and Gross fixed assets = $2,280. Assume the tax rate is 40% and the company invested $160 in NOWC in 2013. How much free cash flow did the firm generate during 2013?Home Depot entered fiscal 2017 with a total capitalization of $21,907 million. In 2017, debt investors received an interest income of $878 million. Net income to shareholders was $8,657 million. (Assume a tax rate of 21%.) Calculate the economic value-added assuming its cost of capital is 10%Schwert Corp. shows the following information on its 2015 income statement: sales = $215,000; costs = $117,000; other expenses= $6,700; depreciation expense = $18,400; interest expense = $10,000; taxes = $25,370; dividends = $9500. What is the 2015 operating cash flow? Show your work. %3! %3D
- 1. Hamilton Language School’s 2011 statement of financial position showed net fixed assets of $3.4 million and the 2012 statement of financial position showed net fixed assets of $4.2 million. The company’s 2012 statement of comprehensive income showed a depreciation expense of $385,000. What was net capital spending in 2012? 2. Given the following information for Diane’s Pizza Co., calculate the depreciation expense: sale = $41,000, costs = $19,500, addition to retained earnings = $5,100, dividends paid = $1,500, interest expense = $4,500, tax rate = 35%. 3.Home depot entered fiscal 2017 with a total capitalization of $21,940 million. In 2017 debt investors received interest income of $889 million. Net income to shareholders was $8690 million (assume a tax rate of 21%) calculate the economic value added assuming its cost of capital is 10%Lauryn’s Doll Co. had EBIT last year of $40 million, which is net of a depreciation expense of $4 million. In addition, Lauryn’s made $5 million in capital expenditures and increased net working capital by $3 million. Using the information from Problem 3, what is Lauryn’s FCF for the year?
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