business law
October 17, 2020
An airplane, whose air speed is 380 km/hr, is supposed to fly in a straight line 23.0 degrees north of due east. A steady 100 km/hr is blowing from…
October 17, 2020

I know this is probably super easy but I am having a hard time with it. 
1) Molteni Motors Inc. recently reported $6 million of net income.  Its EBIT was $13 million, and its tax rate was 40%.  What was its interest expense?  Then divide $6 million net income by 1-T = 0.6 to find the pre-tax income.  The difference between EBIT and taxable income must be the interest expense.

2) Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $500,000. What was its net cash flow?  Assume it had no amortization expense. 
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