help with answer accounting question per scernio

timer Asked: Nov 20th, 2016

Question 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: Sydco 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 manner. What was net income for the period? What was the company’s net operating profit after tax? What was the company’s operating cash flows? What was the company’s net cash flow? How would you assess the firm's financial condition, assuming these numbers are accurate? Name your Microsoft Word document MBA5009_W1_A4_LastName_FirstName.doc. Submit your three- to four-page paper in APA style to the W1 Assignment 4 Dropbox by Week 1, Day 6. Assignment 4 Grading Criteria Maximum Points Correctly identified the net income for the period. 10 Correctly calculated the net operating profit after tax and identified the company’s operating cash flows. 10 Determined the company’s net cash flow. 10 Made an assessment of the firm’s financial condition. 10 Work was clearly written, with logical flow, with minimal errors (including APA format) and utilized appropriate citation/reference of sources. 10 Total: 50

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