1. Papa Roach Exterminators, Inc., has sales of $534,000, costs of $265,000, depreciation expense of $53,000, interest expense of $31,000, and a tax rate of 35 percent. What is the net income for firm?
2. Consider the financing of a $16,000 car with monthly payments for 3 years and an APR of 6%. What is the monthly payment? How would you use Excel to solve this?
3. The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,520 and current liabilities of $920. The 2009 balance sheet showed current assets of $1,760 and current liabilities of $1,020. What was the company's 2009 change in net working capital, or NWC?