Project #87377 - Corporate Finance

UNIT 1: TEXTBOOK PROBLEMS                
                 
                 
CHAPTER 2: PROBLEM 1                
                 
Current Assets $7,300              
Net Fixed Assets  $26,200              
Current Liabilities  $5,700              
Long-Term Debt  $12,900              
                 
Shareholder Equity =                
Net Working Capital =                
                 
                 
CHAPTER 2: PROBLEM 2                
  Income Statement              
Sales  $675,300              
Costs  $297,800              
Depreciation Expense  $45,100              
EBIT                
Interest Expense  $20,700              
EBT                
Taxes @ 35%                 
Net Income =                
Cash Dividends  $62,000              
Addition to Retained Earnings =                
Tax Rate = 35%              
                 
                 
CHAPTER 2: PROBLEM 4                
                 
Taxable Income $315,000              
                 
Table 2.3                
Taxable Income Taxable Income (cont) Tax Rate            
                 
0 50,000 15%            
50,001 75,000 25%            
75,001 100,000 34%            
100,001 335,000 39%            
335,001 10,000,000 34%            
10,000,001 15,000,000 35%            
15,000,001 18,333,333 38%            
18,333,334 + 35%            
                 
Income Taxes =                
Average Tax Rate =                
Marginal Tax Rate =   (Note: No formula needed. Just input the correct rate from the Tax Rate column.)
                 
                 
CHAPTER 2: PROBLEM 5                
                 
Sales $29,200              
Costs $10,400              
Depreciation Expense $1,800              
EBIT                
Interest Expense $1,050              
EBT                
Taxes @ 40%                
Net Income                
Tax Rate  40%              
                 
Operating Cash Flow =                
                 
                 
CHAPTER 3: PROBLEM 2                
                 
Debt/Equity Ratio 0.65              
Return on Assets 9.80%              
Total Equity $850,000              
                 
Equity Multiplier =                
Return on Equity =                
Net Income =                
                 
                 
CHAPTER 3: PROBLEM 6                
                 
ROE 16%              
Payout Ratio 25%              
                 
Retention Ratio   (Note: You must calculate the retention ratio first then the sustainable growth rate.)
Sustainable Growth Rate =                
                 
                 

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Due By (Pacific Time) 10/18/2015 01:00 pm
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