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20. A company has negative cash flow, a low times interest earned ratio, market capitalization...
Your company has made the following forecast for the upcoming year based on the company's current...
Your company has made the following forecast for the upcoming year based on the company's current capitalization: Interest expense $ 4,000,000 Operating income (EBIT) $36,000,000 Earnings per share $ 3.84 The company has $40 million worth of debt outstanding and all of its debt yields 10 percent. The company's tax rate is 40 percent. The company's price earnings ratio has traditionally equaled 12.so the company forecasts that under the current capitalization its stock price will be $46,08 at year-end. The...
1) the times interest earned ratio 2) the debt to equity ratio 3) the gross margin...
1) the times interest earned ratio
2) the debt to equity ratio
3) the gross margin percentage
4) the return on total assets (total assets at the beginning
of last hear were 13,070,000)
5) the return on equity(stockholders equity at the beginning
of last year totaled 7,990,250)
no change in common stock over two years
6) ks the companys financial leverage positive ir
negative?
$ 960.000 2,700.000 3.600.000 260.000 7.520.000 9.520.000 $17,040,000 $ 1.200.000 300,000 1.800.000 2.000.000 200.000 5,500,000 9.050.000...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Happy Turtle Transporters Inc. and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 Net Sales (Millions of dollars) 700 280 Variable costs Fixed costs 245 $525.00 Total Operating costs 175 Operating Income (or EBIT) Less interest 50 125 Earnings...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Happy Turtle Transporters Inc. and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 (Millions of dollars) Net Sales 700 Variable costs 280 Fixed costs 245 Total Operating Costs $525.00 175 Operating Income (or EBIT) Less interest 50 Earnings before...
Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Charges Earned The following data...
Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Charges Earned The following data were taken from the financial statements of Weal Construction, Inc. for December 31, 2016 and 20Y5: Dec. 31, 2016 Accounts payable and other liabilities $146,000 Current maturities of bonds payable 190,000 Dec. 31, 2045 $128,000 190,000 1,150,000 110,000 Serial bonds payable, 10%, issued 2008, due in five years 960,000 Common stock, $5 par value 170,000 Paid-in capital in excess of par 950,000 1,300,000 2,850,000...
PLEASE NOTE: There is a typo in your book regarding the Times-Interest-Earned Ratio. The correct formula...
PLEASE NOTE: There is a typo in your book regarding the Times-Interest-Earned Ratio. The correct formula is EBIT/Interest Expense. Complete a debt analysis for this company. * Calculate AND interpret the debt ratio, the times-interest-earned ratio, the fixed-payment coverage ratio * Make a credit decision. Based on the loan request and on your analysis, would you approve or deny the loan request? As always, show ALL of your work. P3-18 Debt analysis Springfield Bank is evaluating Creek Enterprises, which has...
The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating...
The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Purple Panda Importers and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 (Millions of dollars) Net Sales 1400 Variable costs 560 Fixed costs 490 Total Operating Costs $1,050.00 Operating Income (or EBIT) 350 Less interest 50 Earnings before Taxes (EBT) 300 Less taxes...
Compute Financial ratios: Price-earnings, Cash Dicidend payot, Debt Ratio, Debt-to-Equity, and Times Interest earned Orange Company...
Compute Financial ratios: Price-earnings, Cash Dicidend payot, Debt Ratio, Debt-to-Equity, and Times Interest earned Orange Company Income Statement For the Years Ended December 31 2013 2012 Net sales (all on account) $ 600,000 $ 520,000 Expenses: Cost of Goods Sold $ 415,000 $ 354,000 Selling and administrative $ 120,800 $ 114,600 Interest Expense $ 7,800 $ 6,000 Income Tax Expense $ 18,000 $ 14,000 Total expenses $ 561,600 $ 488,600 Net Income $ 38,400 $ 31,400 Additional Data: 1. The...
in sales - $435,000. Ite operating costs - $362.500It interest - $12.500. Calculate for times interest-earned...
in sales - $435,000. Ite operating costs - $362.500It interest - $12.500. Calculate for times interest-earned TIE). hit. DIT - ales-operating costa) BIT = 52,500. Calculate for basic i m 'a total assets - $405,000. aming power (BEP). b. 12.01 1.Jo. im am's stock price is $23.50. Its earnings per share (EPA) - Calculate for P/E ratio. a. 18.17 b. 18.00 c. 18.70 Fin a sseta - $375,000. It has no debt. Sales - $595.000. Pirm M want to improve...
Piedmont Printing Company has a total market value of $180 million, consisting of 1 million shares...
Piedmont Printing Company has a total market value of $180 million, consisting of 1 million shares selling for $90 per share and $90 million of 9% perpetual bonds now selling at par. The company's EBIT is $35 million, and its tax rate is 25%. Piedmont can change its capital structure by either increasing its debt to 70% or decreasing it to 30%. If it decides to increase its use of leverage, it must call its old bonds and replace them...
Your company has made the following forecast for the upcoming year based on the company's current capitalization: Interest expense $ 4,000,000 Operating income (EBIT) $36,000,000 Earnings per share $ 3.84 The company has $40 million worth of debt outstanding and all of its debt yields 10 percent. The company's tax rate is 40 percent. The company's price earnings ratio has traditionally equaled 12.so the company forecasts that under the current capitalization its stock price will be $46,08 at year-end. The...
1) the times interest earned ratio
2) the debt to equity ratio
3) the gross margin percentage
4) the return on total assets (total assets at the beginning
of last hear were 13,070,000)
5) the return on equity(stockholders equity at the beginning
of last year totaled 7,990,250)
no change in common stock over two years
6) ks the companys financial leverage positive ir
negative?
$ 960.000 2,700.000 3.600.000 260.000 7.520.000 9.520.000 $17,040,000 $ 1.200.000 300,000 1.800.000 2.000.000 200.000 5,500,000 9.050.000...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Happy Turtle Transporters Inc. and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 Net Sales (Millions of dollars) 700 280 Variable costs Fixed costs 245 $525.00 Total Operating costs 175 Operating Income (or EBIT) Less interest 50 125 Earnings...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Happy Turtle Transporters Inc. and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 (Millions of dollars) Net Sales 700 Variable costs 280 Fixed costs 245 Total Operating Costs $525.00 175 Operating Income (or EBIT) Less interest 50 Earnings before...
Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Charges Earned The following data were taken from the financial statements of Weal Construction, Inc. for December 31, 2016 and 20Y5: Dec. 31, 2016 Accounts payable and other liabilities $146,000 Current maturities of bonds payable 190,000 Dec. 31, 2045 $128,000 190,000 1,150,000 110,000 Serial bonds payable, 10%, issued 2008, due in five years 960,000 Common stock, $5 par value 170,000 Paid-in capital in excess of par 950,000 1,300,000 2,850,000...
PLEASE NOTE: There is a typo in your book regarding the Times-Interest-Earned Ratio. The correct formula is EBIT/Interest Expense. Complete a debt analysis for this company. * Calculate AND interpret the debt ratio, the times-interest-earned ratio, the fixed-payment coverage ratio * Make a credit decision. Based on the loan request and on your analysis, would you approve or deny the loan request? As always, show ALL of your work. P3-18 Debt analysis Springfield Bank is evaluating Creek Enterprises, which has...
in sales - $435,000. Ite operating costs - $362.500It interest - $12.500. Calculate for times interest-earned TIE). hit. DIT - ales-operating costa) BIT = 52,500. Calculate for basic i m 'a total assets - $405,000. aming power (BEP). b. 12.01 1.Jo. im am's stock price is $23.50. Its earnings per share (EPA) - Calculate for P/E ratio. a. 18.17 b. 18.00 c. 18.70 Fin a sseta - $375,000. It has no debt. Sales - $595.000. Pirm M want to improve...
Piedmont Printing Company has a total market value of $180 million, consisting of 1 million shares selling for $90 per share and $90 million of 9% perpetual bonds now selling at par. The company's EBIT is $35 million, and its tax rate is 25%. Piedmont can change its capital structure by either increasing its debt to 70% or decreasing it to 30%. If it decides to increase its use of leverage, it must call its old bonds and replace them...
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