II. In 2020, Cane Manufacturing has CAPX of $140,000, Depreciation of $55,000, and EBIT of $480,000. The tax rate is 30%. The following 2019 and 2020 accounts are: Item Required cash Accounts receivable Inventories Accounts payable Accrued liabilities 2019 2020 50,000 60,000 200,000 215,000 300,000 335,000 100,000 120,000 40,000 50,000 a) What is the change in Net Operating Working Capital in 2020? b) What is the Enterprise Value Cash Flow in 2020?
II. In 2020, Cane Manufacturing has CAPX of $140,000, Depreciation of $55,000, and EBIT of $480,000. The tax rate is 30%. The following 2019 and 2020 accounts are: Item Required cash Accounts receivable Inventories Accounts payable Accrued liabilities 2019 2020 50,000 60,000 200,000 215,000 300,000 335,000 100,000 120,000 40,000 50,000 a) What is the change in Net Operating Working Capital in 2020? b) What is the Enterprise Value Cash Flow in 2020?
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 16E
Related questions
Question
answer a and b pls
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning