1. As a financial manager, would you be more interested in the book value or market value of an asset? Why?
Income statement for Draiman, Inc.:
Cost of Goods Sold 345,000
Earning Before Interest and Taxes 374,000 (EBIT)
Interest Paid 41,000
Taxable Income 333,000
Taxes (35%) 116,550
Net Income 216,450
Using the information given in the question:
What is OCF?
DO NOT COPY AND PASTE FROM INTERNET!!