Leasing expenses 108195 and interest expenses equal to


1) Balance sheet: tim Dye, the CFO of Blackwell Automative, Inc, is putting together this year's financial statements, He has gather the following balance sheet information: the firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $313,299, retained earnings of $512,159, inventory of $212,444, goodwill and other assets equal to $78,656, net plant and equipment of $711,256, and short term notes payable of $21,115,. It also had account receivable of $141,258, and other current assets of $11,223, how much lon-term debt does Blackwell Automotive have?

2) Income statement: Nimitz Rental company provided the following information to its auditors. for the year ended March 31,2011, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses $108,195, and interest expenses equal to $78,122,. If the company's tax rate is 34 perecnt, what is its net income after taxes?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Leasing expenses 108195 and interest expenses equal to
Reference No:- TGS02813926

Expected delivery within 24 Hours