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If Cleveland Motors Had an EBIT of $22,790,500, Interest of $7,474,900 and is taxed at an average rate of 32% what is their Net Income? Round to the nearest cent

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If Cleveland Motors Had an EBIT of $22,790,500, Interest of $7,474,900 and is taxed at an average rate of 32% what is their Net Income? Round to the nearest cent

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1

If Cleveland Motors Had an EBIT of $22,790,500, Interest of $7,474,900 and is taxed at an average rate of 32% what is their Net Income? Round to the nearest cent.

2

Using the information below -- what was Bala Industries’ Cash Flow from Financing for the year ending 6/30/2011? Round to the nearest cent.

Increase in inventories $33

Purchased treasury stock $17

Purchased property & equipment $20

Net Income $333

Decrease in accrued income taxes $43

Depreciation & amortization $116

Decrease in accounts payable $14

Increase in accounts receivable $32

Increase in Long-term debt $100