Project #10738 - finacial management

Please show work

 

Chapter 2 problem, 2-8, p. 79

 

 

The Wendt Corporation had $10.5 million of taxable income.

a. What is the company's federal income tax bill for the year

b. Assume the firm receives an additional $1 million of interest income from some bonds it owns. What is the tax on this interest income

c. Now assume that Wendt does not receive the interest income but does receive an additional $1 million, as dividends on some stock t owns. What is the tax on this dividend income?

Chapter 3 problem, 3-6, p. 112

 

Donaldson & Son has a ROA of 10%, a 2%  profit margin, and a return on equity equal to 15%.

What is the company's total assets turnover?

What is the firms's equity multiplier?

 

Chapter 3 problem, 3-11, p. 113

 

Complete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following financial data:

 

            Debt ratio:       50%

            Quick Ratio:    0.80

            Total assets turnover: 1.5

            Days sales outstanding :         36.5 days

            Gross profit margin on sales: (Sales - Cost of goods sold/Sales = 25%

            Inventory turnover ratio:        5.0

 

 

Balance Sheet

 

Cash                                                                            Accounts payable      

Accounts receivable                                                    Long-term debt              $ 60,000  

Inventories                                                                  Common stock           

Fixed assets                                                                 Retained earnings           $97,500

Total assets                 _$300,000                               Total liabilities and equity

Sales                                                                            Cost of goods sold      

Subject Business
Due By (Pacific Time) 08/13/2013 01:59 pm
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