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Intro LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid...
Intro Long Gone Corp. had total operating expenses of $84 million last year, including depreciation, and...
Intro Long Gone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $54 million in dividends, while the addition to retained earnings increased equity by 50%. The average tax rate was 34% and the average interest rate on the company's debt was 6.5%. The payout ratio was 20%. IB Attempt 1/10 for 10 pts. Part 3 What was the equity multiplier? k+ decimals Submit
LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2...
LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $43 million in dividends, while the addition to retained earnings increased equity by 90%. The average tax rate was 34% and the average interest rate on the company's debt was 5%. The payout ratio was 30%. a) What was equity at the end of the year, before the addition of retained earnings (in $ million)? b)...
Intro NiteLate Inc. had revenue of $164,000 last year, costs of $98,400 and depreciation of $24,600....
Intro NiteLate Inc. had revenue of $164,000 last year, costs of $98,400 and depreciation of $24,600. The company paid 6.1% interest on its debt, and its average tax rate is 0.25. NiteLate paid out $16,400 in dividends, and wants to maintain the same dividend payout ratio in the future. At the beginning of the year, the company had a book value of debt of $48,000 and a book value of equity of $40,000. Over the course of the year, no...
Intro Bubble Tree Inc. had a taxable income of $380,000 last year. Its average tax rate...
Intro Bubble Tree Inc. had a taxable income of $380,000 last year. Its average tax rate is 27% and it paid out $120,000 in dividends to preferred stockholders. The company has 16,000 shares of common stock outstanding. Part 1 IS Attempt 1/10 for 10 pts. What were Bubble Tree's earnings per share of common stock (EPS)? 1+ decimals Submit Part 2 - Attempt 1/10 for 10 pts. If Bubble Tree pays out a dividend of $7.87 for each share of...
Intro Nollaney Corp. had $43,000 in cash at the end of 2013 and $72,000 at the...
Intro Nollaney Corp. had $43,000 in cash at the end of 2013 and $72,000 at the end of 2014. The firm invested a total of $222,000 in property, plant, and equipment. Total cash flow from financing activities was +$260,000. Attempt 1/10 for 10 pts. Part 1 What was the cash flow from operating activities? No decimals Submit Attempt 1/10 for 10 pts. Part 2 If accounts receivable and inventories increased by $85,000 (total), accounts payable increased by $14.000, and depreciation...
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total...
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total debt ratio = Debt/Assets (book values): 30% EBIT: $49,000 • Interest rate: 6% • Tax rate: 34% JB Attempt 1/10 for 10 pts. Part 1 What is the firm's expected ROE? 3+ decimals Submit Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 12,000 2,000 6,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest The company's average tax rate is 13%. B Attempt 2/10 for 8 pts. Part 1 What is EBIT? Correct v EBIT = Sales - Costs - Depreciation = 160 - 30 - 10 = 120 Part 2 IS- Attempt 4/10 for 6 pts. What is net income? tecime Submit Intro You've collected the folowing information about a company Value 660 Line item Sales Costs...
Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon...
Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon rate of 3.3% and a yield to maturity of 5.2%. Simple Corp.'s average tax rate is 18% and its marginal tax rate is 29%. Part 1 IB Attempt 1/10 for 10 pts. What is the (pre-tax) cost of debt? 3+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What is the after-tax cost of debt? 4+decimals Submit
Problem 4 Intro Lomack Company's bonds have a 11-year maturity, a 10% coupon, paid semiannually, and...
Problem 4 Intro Lomack Company's bonds have a 11-year maturity, a 10% coupon, paid semiannually, and a par value of $1,000. The market interest rate is 3%, with semiannual compounding. Part 1 What is the bond's price (in $)? B Attempt 1/10 for 10 pts. No decimals Submit Problem 5 Intro A corporate bond has 16 years to maturity, a face value of $1,000, a coupon rate of 4.9% and pays interest twice a year. The annual market interest rate...
Intro Sugar Inc. had earnings of $25 milllion in the last 12 months and reinvested 12%...
Intro Sugar Inc. had earnings of $25 milllion in the last 12 months and reinvested 12% of that. Attempt 1/5 for 10 pts. Part 1 How much did the company pay out in dividends (in $ million)? No decimals Submit
Intro Long Gone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $54 million in dividends, while the addition to retained earnings increased equity by 50%. The average tax rate was 34% and the average interest rate on the company's debt was 6.5%. The payout ratio was 20%. IB Attempt 1/10 for 10 pts. Part 3 What was the equity multiplier? k+ decimals Submit
Intro NiteLate Inc. had revenue of $164,000 last year, costs of $98,400 and depreciation of $24,600. The company paid 6.1% interest on its debt, and its average tax rate is 0.25. NiteLate paid out $16,400 in dividends, and wants to maintain the same dividend payout ratio in the future. At the beginning of the year, the company had a book value of debt of $48,000 and a book value of equity of $40,000. Over the course of the year, no...
Intro Bubble Tree Inc. had a taxable income of $380,000 last year. Its average tax rate is 27% and it paid out $120,000 in dividends to preferred stockholders. The company has 16,000 shares of common stock outstanding. Part 1 IS Attempt 1/10 for 10 pts. What were Bubble Tree's earnings per share of common stock (EPS)? 1+ decimals Submit Part 2 - Attempt 1/10 for 10 pts. If Bubble Tree pays out a dividend of $7.87 for each share of...
Intro Nollaney Corp. had $43,000 in cash at the end of 2013 and $72,000 at the end of 2014. The firm invested a total of $222,000 in property, plant, and equipment. Total cash flow from financing activities was +$260,000. Attempt 1/10 for 10 pts. Part 1 What was the cash flow from operating activities? No decimals Submit Attempt 1/10 for 10 pts. Part 2 If accounts receivable and inventories increased by $85,000 (total), accounts payable increased by $14.000, and depreciation...
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total debt ratio = Debt/Assets (book values): 30% EBIT: $49,000 • Interest rate: 6% • Tax rate: 34% JB Attempt 1/10 for 10 pts. Part 1 What is the firm's expected ROE? 3+ decimals Submit Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 12,000 2,000 6,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest The company's average tax rate is 13%. B Attempt 2/10 for 8 pts. Part 1 What is EBIT? Correct v EBIT = Sales - Costs - Depreciation = 160 - 30 - 10 = 120 Part 2 IS- Attempt 4/10 for 6 pts. What is net income? tecime Submit Intro You've collected the folowing information about a company Value 660 Line item Sales Costs...
Intro Simple Corp. has one bond issue oustanding, with a maturity of 10.5 years, a coupon rate of 3.3% and a yield to maturity of 5.2%. Simple Corp.'s average tax rate is 18% and its marginal tax rate is 29%. Part 1 IB Attempt 1/10 for 10 pts. What is the (pre-tax) cost of debt? 3+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What is the after-tax cost of debt? 4+decimals Submit
Problem 4 Intro Lomack Company's bonds have a 11-year maturity, a 10% coupon, paid semiannually, and a par value of $1,000. The market interest rate is 3%, with semiannual compounding. Part 1 What is the bond's price (in $)? B Attempt 1/10 for 10 pts. No decimals Submit Problem 5 Intro A corporate bond has 16 years to maturity, a face value of $1,000, a coupon rate of 4.9% and pays interest twice a year. The annual market interest rate...
Intro Sugar Inc. had earnings of $25 milllion in the last 12 months and reinvested 12% of that. Attempt 1/5 for 10 pts. Part 1 How much did the company pay out in dividends (in $ million)? No decimals Submit
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