What was its total assets turnover ratio

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1 - Shark Corporation's target capital structure is 30% debt, 15% preferred, and 55% common equity. The interest rate on new debt is 7%, the yield on the preferred is 6.00%, the cost of common from reinvested earnings is 11.25%, and the tax rate is 40%. The firm will not be issuing any new common stock. What is Shark's WACC?

2 - Sharks Corp.'s sales last year were $42,000, and its total assets were $20,000. What was its total assets turnover ratio (TATO)?

Reference no: EM13848289

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