1. Ram Company's after-tax net income was $120. Their interest paid was $50. Assuming the corporate...
1. Ram Company's after-tax net income was $120. Their interest
paid was $50. Assuming the corporate tax is 40%, what is Ram
Company's interest coverage ratio?
Question 4 options:
A 1.4
B 2.4
C 5.0
D 6.7
E None of the above.
2. Dorr Corp. had an ROA of 8%. Dorr's net profit margin was 4%
on sales of $250. What were total assets?
Question 6 options:
A $30
B $125
C $220
D $500
E None of the above.
Homework Answers
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1. Ram Company's after-tax net income was $120. Their interest
paid was $50. Assuming the corporate...
Question 15 (1 point) The following data pertain to Keahi Inc.: Net Revenue $245,000 Net Income $...
Question 15 (1 point) The following data pertain to Keahi Inc.: Net Revenue $245,000 Net Income $22,050 Total Assets $188,462 Total Liabilities $70,673 Stockholders’ Equity $117,789 Calculate the Return on assets (ROA), return on sales (ROS), total asset turnover (TA), and the financial leverage (LEV) for Keahi. Question 15 options: 1) ROA: 62.5%; ROS: 10.0%; TA: 8.5; LEV: : 1.6; 2) ROA: 10.0%; ROS: 10.0%; TA: 2.5; LEV: : 2.5; 3) ROA: 18.7%; ROS: 9.0%; TA: 1.6; LEV: : 1.3;...
Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the...
Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses a 360-day year. How much interest would Billy have to pay in a 30-day month? a. $139.88 b. $133.22 c. $120.83 d. $126.88 e. $146.87 1 points QUESTION 9 Suppose you borrowed $14,000 at a rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How...
1.4 Consider the following financial information for a company (in millions of dollars) Partial income statement...
1.4 Consider the following financial information for a company (in millions of dollars) Partial income statement (latest year ending December 31, 2017): Sales $900 Cost of goods sold ($350) Other expenses ($200) Depreciation ($120) Interest expenses ($30) Partial balance sheet (as of December 31) 2016 2017 Cash $30 $20 Receivables $200 $250 Inventories $220 $210 Net fixed assets $500 $520 Accounts payable $100 $120 Accruals $80 $100 Short-term debt $50 $10 Long-term debt $270 $270 a) Assuming an income...
please do question 1-3 1-3 Corporate versus Individual Taxation. What are the differences in income tax...
please do question 1-3
1-3 Corporate versus Individual Taxation. What are the differences in income tax treat- ment of corporations and individuals for the items below? a. Dividends received b. Classification of deductions c. Charitable contribution limitations d. Net capital gain treatment e. Capital loss deduction f. Capital loss carryovers and carrybacks g. Gain on sale of depreciable realty 1 4 7 n .
1.4 Consider the following financial information for a company (in millions of dollars) Partial income statement...
1.4 Consider the following financial information for a company (in millions of dollars) Partial income statement (latest year ending December 31, 2017): Sales $900 Cost of goods sold ($350) Other expenses ($200) Depreciation ($120) Interest expenses ($30) Partial balance sheet (as of December 31) 2016 2017 Cash $30 $20 Receivables $200 $250 Inventories $220 $210 Net fixed assets $500 $520 Accounts payable $100 $120 Accruals $80 $100 Short-term debt $50 $10 Long-term debt $270 $270 Net income after taxes...
17 Copland Supplies' retained earnings balans interest and income tax when answering this question ca camings ba...
17 Copland Supplies' retained earnings balans interest and income tax when answering this question ca camings balance at the end of A $259,000 $218,000 D $244.000 None of the above $64,000 th e Assume the company pays to 18 In addition to the information given a addition to the information given above, assume Copland Supplies requires $30,000 minimum cash balance sn can be borrowed at any exact amount at the beginning of each month from company's credit line at a...
Question 1 (50 points) FCF items from income and cash flow statements(millions NOK) 2017 2018E 560.0...
Question 1 (50 points) FCF items from income and cash flow statements(millions NOK) 2017 2018E 560.0 588.0 Sales Operating expenses (excl. depr. and amort.) Depreciation 323.4 85.0 3.0 Amortization 336.0 76.5 5.0 52.0 10.0 10.0 Interest expenses 54.6 15.0 Interest income 15.0 Dividends One time Capex on new plant construction Capital expenditure (Capex) 400.0 0.0 116.5 125.0 Consolidated Balance Sheet (millions NOK) Cash and marketable securities 4.0 Accounts receivable 15.0 75.0 95.0 80.0 102.5 Inventory Goodwill and intangible assets Cumulative...
5. Suppose that California imposes a sales tax of 10 percent on all goods and services....
5. Suppose that California imposes a sales tax of 10 percent on all goods and services. A Californian named Ralph then goes into a home improvement store in the state capital of Sacramento and buys a leaf blower that is priced at $200. With the 10 per cent sales tax, his total comes to $220. How much of the $220 paid by Ralph will be counted in the national income and prod. uct accounts as private income (employee compensation, rents....
FMV 2. (15 points) X Corp's balance sheet shows the following: BASIS $10.000 Cash Equipment -net...
FMV 2. (15 points) X Corp's balance sheet shows the following: BASIS $10.000 Cash Equipment -net Land 1 Land 2 $10,000 40,000 100,000 150.000 50,000 150.000 125.000 $335,000 $300,000 Total All of the stock is owned by A. Her basis is $90,000. Answer the following questions based on the above information. A. Calculate the gain or loss to X Corp. if X liquidates and distributes all assets to A. B. Calculate the gain or loss to A on the liquidation...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and S60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 40 percent, what was its net income for last year? 2 Vroom Vroom Motors is in the 40% tax bracket and has preferred stock dividends due of S3,000 and 15,000 common stock shares outstanding. Based on this information, what...
please do question 1-3
1-3 Corporate versus Individual Taxation. What are the differences in income tax treat- ment of corporations and individuals for the items below? a. Dividends received b. Classification of deductions c. Charitable contribution limitations d. Net capital gain treatment e. Capital loss deduction f. Capital loss carryovers and carrybacks g. Gain on sale of depreciable realty 1 4 7 n .
17 Copland Supplies' retained earnings balans interest and income tax when answering this question ca camings balance at the end of A $259,000 $218,000 D $244.000 None of the above $64,000 th e Assume the company pays to 18 In addition to the information given a addition to the information given above, assume Copland Supplies requires $30,000 minimum cash balance sn can be borrowed at any exact amount at the beginning of each month from company's credit line at a...
Question 1 (50 points) FCF items from income and cash flow statements(millions NOK) 2017 2018E 560.0 588.0 Sales Operating expenses (excl. depr. and amort.) Depreciation 323.4 85.0 3.0 Amortization 336.0 76.5 5.0 52.0 10.0 10.0 Interest expenses 54.6 15.0 Interest income 15.0 Dividends One time Capex on new plant construction Capital expenditure (Capex) 400.0 0.0 116.5 125.0 Consolidated Balance Sheet (millions NOK) Cash and marketable securities 4.0 Accounts receivable 15.0 75.0 95.0 80.0 102.5 Inventory Goodwill and intangible assets Cumulative...
5. Suppose that California imposes a sales tax of 10 percent on all goods and services. A Californian named Ralph then goes into a home improvement store in the state capital of Sacramento and buys a leaf blower that is priced at $200. With the 10 per cent sales tax, his total comes to $220. How much of the $220 paid by Ralph will be counted in the national income and prod. uct accounts as private income (employee compensation, rents....
FMV 2. (15 points) X Corp's balance sheet shows the following: BASIS $10.000 Cash Equipment -net Land 1 Land 2 $10,000 40,000 100,000 150.000 50,000 150.000 125.000 $335,000 $300,000 Total All of the stock is owned by A. Her basis is $90,000. Answer the following questions based on the above information. A. Calculate the gain or loss to X Corp. if X liquidates and distributes all assets to A. B. Calculate the gain or loss to A on the liquidation...
. The Ragin Cajun had an operating income (EBIT of $260,000 last year The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and S60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 40 percent, what was its net income for last year? 2 Vroom Vroom Motors is in the 40% tax bracket and has preferred stock dividends due of S3,000 and 15,000 common stock shares outstanding. Based on this information, what...
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