Butterfly Tractors had $24 00 million in sales last year Cost of goods sold was $10 .90 million depreciation expense was $4.10 million interest

Butterfly Tractors had $24.00 million in sales last year. Cost of goods sold was $10.00 million, depreciation expense was $4.00 million, interest payment on outstanding debt was $3.00million, and the firm’s tax rate was 35%.

c. What would happen to net income and cash flow if depreciation were increased by $3.00 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select “unaffected” if the results do not affect the balance.)

Butterfly Tractors had $24 00 million in sales last year Cost of goods sold was $10 .90 milliondepreciation expense was $4.10 million interest payment on outstanding debt was $3 00 million , andthe firm’s tax rate was 3596What would happen to net income and cash Cow if depreciation were increased by 5 0 million ? ( Enter your numeric answers inmillions rounded to 2 decimal places . Select whattested It the results do not affect the balance .QUIETHey neone would bedecreasedbymillionCash for would beincreasedAllen

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