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How much cash did levinson llp make

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Reference no: EM132467332

Question 1. Smith LLP make a profit of $3 million for the period ending 12/31/19. The gross profit % is 50% and the net income vertical analysis equals 10%. How much cash did Levinson LLP make?

  1. $3 million
  2. $1.5 million
  3. $300,000
  4. Cannot be determined from the information given

Question 2. How can a company generate capital to be used to re-invest into the company (to create more value for investors)?

  1. Take on more debt (borrowings from a bank)
  2. Through normal operations
  3. Ask investors to invest more
  4. All of the above

Reference no: EM132467332

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