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Question - Chisel Corporation has 3.342 million shares outstanding at a price per share of $2.94. If the debt-to-equity ratio is 1.52 and total book value of debt equals $12,306,000, what is the market-to-book ratio for Chisel Corporation?
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Flowers Corporation reported net cash provided by operating activities of $501,500, net cash used by investing activities of $280,910, and net cash provided by financing activities of $62,020. In addition, cash spent for capital assets during the ..
Samson Corporation issued a 4-year, $75,000, zero-interest-bearing note to Brown Company on January 1, 2014, and received cash of $47,664. The implicit interest rate is 12%. Prepare Samson's journal entries for (a) the January 1 issuance and (b) ..
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