Description
Sydco is in the bowling ball industry and you are interviewing for a position as chief accountant in their Dallas office. In order to assure the management staff that you are qualified for the job, one of the tasks they have asked you to do is an evaluation of useful data into a form that can be used by all of management. You have been given the following information:
Sydo Summary
Gross Income | $ 360 |
Depreciation Expense | $ 81 |
Tax Rate | 40% |
After Tax Cost of Capital | 9% |
Operating Income | $ 30 |
Interest Expense | $ 8 |
Current Assets | $ 196 |
Net Plant and Equipment | $ 126 |
Current Liabilities | $ 87 |
Your task is to answer all of the questions below.
Questions: Address all of the following questions in a brief but thorough
Maximum PointsAssignment Grading Criteria Correctly identified the net income for the period. Correctly calculated the net operating profit after tax and identified the company’s operating cash flows. Determined the company’s net cash flow. Made an assessment of the firm’s financial condition. Work was clearly written, with logical flow, with no errors (including APA format) and utilized appropriate citation/reference of sources. Total:
Explanation & Answer
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Running Head: SYDCO INDUSTRY
Topic: Sydco Industry
Name:
Course:
Supervisor’s Name:
2
BUSINESS AND FINANCE
Sydco is in the bowling ball industry and you are interviewing for a position as chief accountant
in their Dallas office. In order to assure the management staff that you are qualified for the job,
one of the tasks they have asked you to do is an evaluation of useful data into a form that can be
used by all of management. You have been given the following information:
Sydco Summary:
Gross Income
$ 360
Depreciation Expense
$ 81
Tax Rate
40% / $144
Af...
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