What was its after-tax operating income

Assignment Help Financial Management
Reference no: EM132005873

A firm holding $432 million in interest-bearing financial assets and with financing debt of $1,891 million, reported shareholders’ equity of $597 million. What were its net financial assets? What were its net operating assets? b. The same firm reported $108 million in comprehensive income and net financial expense, after tax, of $47 million. What was its after-tax operating income? need step by step answer.

Reference no: EM132005873

Questions Cloud

What is operating cash flow : That is, depreciation each year is $35,027/10. The tax rate is 32 percent. What is the operating cash flow?
What is after-tax salvage value : ABC Company purchased $103,089 of equipment 5 years ago. What is the After-tax Salvage Value if the tax rate is 38 percent?
What is the project npv : The annual operating cash flow is $71,531 and the cost of capital is 9% What is the project's NPV if the tax rate is 37%?
Macrs depreciation allowances : What is the book value of this asset at the end of year 3 given the following MACRS depreciation allowances
What was its after-tax operating income : The same firm reported $108 million in comprehensive income and net financial expense, after tax, of $47 million. What was its after-tax operating income?
Purchase of new equipment-what is operating cash flow : ABC, Inc is planning the purchase of new equipment that costs $149,331. The project is expected to last for 14 years. what is the operating cash flow?
What is the best estimate of stock current market value : The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value?
The cost of equity from new common stock : New stock can be sold to the public at the current price, but a flotation cost of 4.5% would be incurred. What would be the cost of equity from new common stock
What was the price of this bond when it was issued : The yield to maturity on this bond when it was issued was 5.9 %. What was the price of this bond when it was issued?

Reviews

Write a Review

Financial Management Questions & Answers

  Fundamental analyst

Assume that you are a fundamental analyst that has just made the call of a lifetime by recommending a stock that doubled over the six months following your recommendation. You are now famous and have thousands of people that think you’re infallible a..

  What it the financial cash flow cycle

What it the financial cash flow cycle? What effect can an ERP have on the cycle and why?

  What is required rate of return

What stock price is expected 1 year from now? What is the required rate of return?

  Estimate return on capital in the most recent year

Estimate return on capital (adjusted for leases) in the most recent year and weighted average cost of capital.

  What is critical marginal tax rate

A taxable issue yields 5.5 percent, and a similar municipal issue yields 4 percent. What is the critical marginal tax rate?

  New range of candies which contain anti-oxidants

CathFoods will release a new range of candies which contain anti-oxidants. New equipment to manufacture the candy will cost $2 million, which will be depreciated by straight-line depreciation over five years. what are the incremental earnings in the ..

  Given that an organizations supply expenses

Given that an organization's supply expenses are $2,050,000 and it total operating revenue is $7,700,000, what is the supply expense to total operating revenue ratio: If a project's fixed costs are $50,000, the project calls for pricing the service a..

  What is the reward-to-volatility ratio for equity fund

You manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%. The rate on Treasury bills is 6%. Your client chooses to invest $60,000 of her portfolio in your equity fund and $40,000 in a T-bill money market fund. Wh..

  Japanese yen forward premium relative to dollars

If the spot rate for the Japanese yen is $0.0092 per Japanese yen and the 3-month forward rate is $0.0093 per Japanese yen, what is the annualized premium (discount) for the 3-month forward quote on the Japanese Yen, i.e., the annualized Japanese Yen..

  Balance of current assets on the firm balance sheet

What is the company's total debt? What is the balance of current assets on the firm's balance sheet?

  What is a capital call

In a fund project, what is a capital call? In such capital call, between which parties flows money and in which direction?

  Different forms of businesses have different characteristics

Different forms of businesses have different characteristics. Which of the following characteristics would apply to a limited liability company and a limited liability partnership? (Check all that apply) LLPs are not suitable for professional firms l..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd