Sales: 17,000,000 COGS: 11,000,000 Gross Margin: Admin Overhead: 2,500,000 EBITD
ID: 2801554 • Letter: S
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
find Current Assets:
a. 3.780 million
b. 7.431 million
c. 2.285 million
d. 0
Explanation / Answer
Answer) Hi I have solved the question and I think the answer should be
Total Current Asset = Total asset - Total fixed asset & IP = 10350000-7500000 = 2850000
Can you check if you have written the right options as I think the 3rd option should by 2.85 million rather than 2.285 million . (Might be a typo error) There is no other way we can solve this question.
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