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Question 1: The W.C. Pruett Corp. has $450,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 10%. In addition, it has $700,000 of common stock on its balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $1.62 million, its average tax rate is 25%, and its profit margin is 2%. What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places.
Question 2: A ?rm has a pro?t margin of 2% and an equity multiplier of 1.9. Its sales are $400 million. and it has total assets of $240 million. What is its ROE? Do not round intermediate calculations. Round your answer to two decimal places. %
If you were an investor of a construction company with projects that take more than a year to complete, what is your income statement preparation preference and why? If you choose the accrual basis, what can shareholders do to ensure the appropriate ..
Prepare a journal entry to record the purchase of material.- . Prepare a journal entry to record material used in production.
Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2011 on this equipment?
The present value of the annual cost savings of $132,000 is closest to: (Round discount factor(s) to 3 decimal places and final answer to the nearest dollar amount.)
Which of the following is NOT normally regarded as being a good reason to establish an ESOP?
The Evanston Company acquired a 25% interest in Straw Enterprises for $8,000,000 and appropriately applied the equity method. During the first year, Straw reported net income of $1,060,000 and paid cash dividends totaling $100,000. What amount will T..
The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 7% bonds with a face amount of $630,000 on November 1, 2013. The bonds sold for $567,653, a price to yield the market rate of..
The partnership earns $100,000 ordinary income, and the partners agree to divide this amount based on their relative ownership interests
A company is considering investing in a piece of machinery which will cost $550,000. It will provide an additional $160,000 in sales each year and its annual operating expenses are expected to be $52,000. The machine will be depreciated on a straight..
Compute the accounts receivable turnover for Year 2 and Year 1. Round to one decimal place. Compute the day's sales in receivables for Year 2 and Year 1. Use 365 days and round to one decimal place.
A minor league baseball team called the Billing Mustangs attracts both students and non-students as fans during the season, which runs from mid-April through August. How many tickets would the Mustangs sell to students, to maximize profit? What price..
Amar sold the remaining 100,000 pounds during 2011 at the market price of $.72. What amount of revenue should Amar recognize in 2010?
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