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Sydco is in the bowling ball industry and you are interviewing for a

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Sydco is in the bowling ball industry and you are interviewing for a position as chief accountant in their Dallas office. In order to assure the management staff that you are qualified for the job, one of the tasks they have asked you to do is an evaluation of useful data into a form that can be used by all of management. You have been given the following information:

Sydo Summary

  

Gross Income

$  360

 

Depreciation Expense

$  81

 

Tax Rate

40%

 

After Tax Cost of Capital

9%

 

Operating Income

$  30

 

Interest Expense

$  8

 

Current Assets

$  196

 

Net Plant and Equipment

$  126

 

Current Liabilities

$  87

Your task is to answer all of the questions below.

Questions: Address all of the following questions in a brief but thorough

  

Assignment Grading Criteria

Maximum Points

 

Correctly identified the net   income for the period.

 

Correctly calculated the net   operating profit after tax and identified the company’s operating cash flows.

 

Determined the company’s net cash   flow.

 

Made an assessment of the firm’s financial   condition.

 

Work was clearly written, with   logical flow, with no errors (including APA format) and utilized   appropriate citation/reference of sources.

 

Total:

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