What was the 2008 operating income and net income

Assignment Help Finance Basics

Reference no: EM13261005

The Allen Corporation had sales in 2008 of $65 million, total assets of $42 million, and total liabilities of $20 million. The interest rate on the company's debt is 6 percent and its tax rate is 30 percent. The operating profit margin was 12 percent. What was the 2008 operating income and net income? What was operating return on assets and return on equity? Assume that interest must be paid on all of the debt.

Reference no: EM13261005

Questions Cloud

Determine input impedance and magnitude of the load voltage : A lossless transmission line with a characteristic impedance of 75 ohms is terminated by a load of 120 ohms. The length of line is 1.25 lamda. If the line is energized by a source of 100 V (rms) with an internal impedance of 50 ohms

Compute the molecular formula : A dry cleaning solvent with a molar mass of 146.99 grams/mole that contains C, H, and Cl is suspected to be a cancer causing agent. When a 0.250 gram sample was studied by combustion analysis, 0.451 grams of CO2 and 0.0617 grams of H2O was formed...

What is the angle of telescopic image : A small telescope has a concave mirror with a 4.00-m radius of curvature for its objective. Its eyepiece is a 4.25-cm focal length lens. What is the angle of its telescopic image?

Find the no load speed-stalled torque and stalled current : The resistance of the coil is 0.2 ohm. The inductance of the coil is 1.2e-4 H. The rotor inertia is 1.0e-5 kg m2. The current to torque gain is 0.03 Nm/A. The friction torque is 0.09 Nm. A 12 V voltage source is applied to the motor.

What was the 2008 operating income and net income : What was the 2008 operating income and net income? What was operating return on assets and return on equity? Assume that interest must be paid on all of the debt.

Determine length of the barrel of the telescope : The telescope at a small observatory has objective and eyepiece focal lengths respectively of 20.0 m and 12 cm. determine length of the barrel of the telescope

What coupon rate should be set on its bonds : A business wants to raise $1.2 million by selling some coupon bonds at par. Comparable bonds in the market have a 6.5 percent annual coupon, 15 years to maturity, and are selling at 97.687 percent of par. What coupon rate should be set on its bond..

Derive the equations for the dynamic model for the motor : The resistance of the coil is .4 ohm. The inductance of the coil is 2.4e-4 H. The rotor inertia is 2.0e-5 kg m2. The current to torque gain is 0.06 Nm/A. The friction torque is 0.18 Nm. A 12 V voltage source is applied to the motor.

A remaining solution shows a yellow color in a flame test : After filtering off this precipitate, the pH is adjusted to 8 and H2S is again added; no precipitate forms. No precipitate forms upon addition of (NH4)2HPO4. The remaining solution shows a yellow color in a flame test. Based on these observations,..

User Account

All Pages