Sales: 17,000,000 COGS: 11,000,000 Gross Margin: Admin Overhead: 2,500,000 EBITD

Question

Sales:                                   17,000,000

COGS:                                   11,000,000

Gross Margin:

Admin Overhead:            2,500,000

EBITDA:

Depr & Amort:                     780,000

EBIT:

Interest:                                 435,000

EBT:

Taxes:                                      731,200

Net Income:

Total Assets:                                      10,350,000

Total Interest-bearing Debt:          6,214,286

Total Current Liabilities:                        500,014

Total Fixed Assets & IP:                    7,500,000

GIVEN THE INFORMATION ABOVE, FIND:

13. Current Assets

A. 3.780 million

B. 0

C. 2.285 million

D. 7.431 million

Explanation / Answer

Current assets:

= Total assets-Total Fixed Assets & IP

= $10,350,000-$7,500,000

= $2.85 million

Hence, correct option is (C).

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