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Question - Selected balance sheet and income statement information for the jewelry retailer, Tiffany & Co. for 2011 through 2013 follows:
($millions)
2013
2012
2011
Net sales
$3,794
$3,643
$3,085
Interest expense
59
49
54
Pretax income
644
665
547
Net income
416
439
368
Current assets
3,152
2,890
2,685
Total assets
4,631
4,159
3,736
Current liabilities
587
627
480
A. Compute the current ratio for each year and discuss any trends. Do you feel that the company is sufficiently liquid? Explain. What additional information might be helpful in analyzing the liquidity?
B. Compute times interest earned for each year and discuss any trends. Do you have any concerns about its level of financial leverage and its ability to meet interest obligations? Explain.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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