Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. caterpillar tractors had $20.00 million in sales l

Caterpillar Tractors had $20.00 million in sales last year. Cost of goods sold was $8.50...

60.1K

Verified Solution

Question

Finance

Caterpillar Tractors had $20.00 million in sales last year. Cost of goods sold was $8.50 million, depreciation expense was $2.50 million, interest payment on outstanding debt was $1.75 million, and the firms tax rate was 25%. a. What was the firms net income? b. What was the firms cash flow?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1. Express the function f(t) = 0, -Ï€/2

Advance Math
Q

Please respond to EACH of the following discussion topics and submit them to the discussion forum as...

Psychology
Q

Kolkmeyer Manufacturing Company is considering adding two machines to its manufacturing operation. This addition will bring the...

Basic Math
Q

Some people are unable to digest cow's milk because their bodies cannot carry out the...

Biology
Q

The half life of a radioactive isotope 'X' is 20 years. It decays to another...

Physics
Q

ven m Zx 98 WZ YZ mZY 92 Find each measurement Y WX ZZ W...

Basic Math
Q

The propeller of a small plane at full speed rotates exactly 7500 revolutions per min...

Basic Math
Q

An LR series circuit has a variable inductor with the inductance defined by 0 st...

Basic Math
Q

Determine the amount of sales that we are Break Even sales under present and proposed...

Accounting
Q

Sage Corporation has municipal bonds classified as a held-to-maturity at December 31,2025. These bonds have...

Accounting
Q

34.A type of material used in the business system includes;(1 Point) A. Cash Register B....

Accounting
Q

Required informotion The following information applies to the questions displayed below] The Old English Garden...

Accounting