Earnings before interest and taxes and total assets

Assignment Help Financial Management

Reference no: EM132006807

1. Iris Income Statement

Cost of Goods Sold 330

Depreciation Expense 35

Interest Expense 20

Operating Expense (excluding depreciation) 115

Sales 690

What was Iris Inc. earnings before interest and taxes (EBIT)

2. Iris Balance Sheet

Accounts Payable 65

Accounts Receivable 60

Accumulated Depreciation (175)

Cash 27

Common Stock 120

Fixed Assets (gross) 390

Inventory 122

Long-Term Debt 200

Retained Earnings 65

What is Iris Inc.’s Total Assets.

Reference no: EM132006807

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