Charlie Brown Tool and Die Company: What was the company’s net income? What was its net operating working capital (NOWC)? What was its net working capital?
Charlie Brown Tool and Die Company Last year Charlie Brown had $5 million in operating income (EBIT). It’s depreciation expense was $1 million, its interest expense was $1 million, and its corporate tax rate was 40%. At year-end, it had $14 million in current assets, $3 million in accounts payable, $1 million in accruals, $2 […]