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Following information applies to the following questions. The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets 2010 Cash and securities $1,290 Accounts receivable 9,890 Inventories 13,760 Total current assets $24,940 Net plant and equipment $18,060 Total assets $43,000 Liabilities and Equity Accounts payable $8,170 Notes payable 6,020 Accruals 4,730 Total current liabilities $18,920 Long-term bonds $8,815 Total debt $27,735 Common stock $5,805 Retained earnings 9,460 Total common equity $15,265 Total liabilities and equity $43,000 Income Statement (Millions of $) 2010 Net sales $51,600 Operating costs except depreciation 48,246 Depreciation 903 Earnings bef interest and taxes (EBIT) $2,451 Less interest 927 Earnings before taxes (EBT) $1,524 Taxes 533 Net income $990 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $346.67 Int rate on notes payable & L-T bonds 6.25% Federal plus state income tax rate 35% Year-end stock price $23.77 What is the firm's debt/assets ratio? Whats the ROA?
Aurand Inc. has outstanding bonds with an 8% coupon paid semiannually. The bonds have a par value of $1,000, a current price of $904, and will mature in 14 years. What is their yield to maturity?
Ngala LLC has 5,000 bonds outstanding which are currently priced at $1,200 each. The bonds pay a coupon of 7.6% (paid semiannually) and mature in 7 years. What is the firm’s weighted average cost of capital?
An investment project has annual cash inflows of $4,300, $4,000, $5,200, and $4,400, and a discount rate of 13 percent. What is the discounted payback period for these cash flows if the initial cost is $7,900?
discuss the following topic should the reduced tax rate on dividends affect a multinational firms capital structure?a
Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal yield to maturity is 9.25%, they pay interest semi annually, and they sell at a price of $950. What is the bond's nominal coupon interest rate?
Anna purchased 100 shares of spring, inc. stock of at a price of $54.34 three years ago. She sold all stocks today for $53.35. During the year the stock paid dividends of $3.25 per share. What is Anna's holding period return?
What is the PV of an ordinary annuity with 8 payments of $6,250 if the appropriate interest rate is 5.5%?
Land, buildings and equipment are acquired for a lump sum of $875,000. The market values of the three assets are, respectively, $200,000, $500,000 and $300,000. What is the cost assigned to the equipment?
Explain how the cash budget and the capital budget relate to pro forma financial statements.
Condensed balance sheet and income statement data for Jernigan Corporation are presented here. JERNIGAN CORPORATION Balance Sheets December 31 2014 2013 2012 Cash $ 31,390 $ 21,390 $ 19,390 Accounts receivable (net) 51,390 46,390 49,390 Other current..
All of the following are commonly found in a well-constructed business plan, except for: All of the following represent generic business strategies except for: Determining in which markets a firm should compete requires management to consider which o..
Martin Becker, age 64, owns and manages a commercial print shop in Maine. Martin plans to retire this year and has recently accepted an offer to sell this company for 1.8 million. Both children are married and currently employed. Dave has one son age..
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