The 2013 income statement of southern products inc showed, Ask an Expert

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The 2013 income statement of Southern Products, Inc., showed $3.4 million EBIT, $500,000 depreciation, $500,000 interest expenses, and its tax rate is 34%. If the firm's net capital spending for 2013 was $400,000, and the firm increased its net working capital investment by $20,000, find the firm's 2013 cash flow from assets (CFFA). Do not include the $ sign or comma, and round it to a whole dollar, e.g., 2345 (for $2,345).

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92797220

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