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Finance math help please!!

Open Posted By: christeena Date: 22/01/2021 Academic Level: High School Paper Type: Research Paper Writing

Question Description

I know this is probably super easy but I am having a hard time with it. 

1) Molteni Motors Inc. recently reported $6 million of net income.  Its EBIT was $13 million, and its tax rate was 40%.  What was its interest expense?  Then divide $6 million net income by 1-T = 0.6 to find the pre-tax income.  The difference between EBIT and taxable income must be the interest expense.

2) Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $500,000. What was its net cash flow?  Assume it had no amortization expense. 


Category: Arts & Education Subjects: History Deadline: 24 Hours Budget: $60 - $90 Pages: 2-3 Pages (Short Assignment)

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