CHAPTER PROBLEMS 1: NET INCOME AND CASH FLOW Last year Rattner Ro income (EBIT). Its depreciation expense was $1 million, its in its corporate tax rate was 40%. At year-end, it had $14 milli accounts payable, $1 million in accruals, and $15 million in that Rattner's only noncash item was depreciation. a. What was the company's net income? b. What was its net working capital (NWC)? c. Rattner had $12 million in net plant and equipment the pri- remained constant over time. What is the company's free cas ended? d. If the firm had $4.5 million in retained earnings at the begin dividends of $1.2 million, what was its retained earnings at th dividends declared were actually paid. 2: INCOME STATEMENT Little Books Inc. recently repor EBIT was $6 million, and its tax rate was 40%. What was its i 3: INCOME STATEMENT Pearson Brothers recently reporte net income of $1.8 million. It had $2.0 million of interest exp 40%. What was its charge for depreciation and amortization? 4. STATEMENT OF STOCKHOLDERS' EQUITY Compute​