Little Books Inc. recently reported $13 million of net income.
Problem 3-2 Income StatementLittle Books Inc. recently reported $13 million of net income. Its EBIT was $23.4 million, and its tax rate was 35%. What was its interest expense? [Hint: Write out the headings for an income statement and then fill in the known values. Then divide $13 million net income by (1 – T) = 0.65 to find the pretax income. The difference between EBIT and taxable income must be the interest expense. Use this same procedure to complete similar Problems.] Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.???Problem 3-10 Statement of Stockholders’ EquityComputer World Inc. paid out $11.1 million in total common dividends and reported $198.1 million of retained earnings at year-end. The prior year’s retained earnings were $164.4 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.$ Problem 3-5 MVAHenderson Industries has $700 million of common equity; its stock price is $40 per share; and its Market Value Added (MVA) is $50 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the nearest whole, if necessary. common shares???Problem 3-12 Statement of Cash FlowsW.C. Cycling had $39,000 of cash at year-end 2011 and $18,000 in cash at year-end 2012. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities totaled +$130,000. Round your answers to the nearest dollar, if necessary.What was the cash flow from operating activities?$ If accruals increased by $20,000, receivables and inventories increased by $40,000, and depreciation and amortization totaled $75,000, what was the firm’s net income?$ Problem 3-1 Balance SheetThe assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.8 million and net plant and equipment equals $2.3 million. It has notes payable of $155,000, long-term debt of $747,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet.Write out your answers completely. For example, 25 million should be entered as 25,000,000.What is the company’s total debt?$ What is the amount of total liabilities and equity that appears on the firm’s balance sheet?$ What is the balance of current assets on the firm’s balance sheet?$ What is the balance of current liabilities on the firm’s balance sheet?$ What is the amount of accounts payable and accruals on its balance sheet? [Hint: Consider this as a single line item on the firm’s balance sheet.]$ What is the firm’s net working capital?$ What is the firm’s net operating working capital?$ What is the monetary difference between your answers to part f and g?$