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Last year Rattner Robotics had $5 million of operating income. Its depreciation expense was $1 million, its interest expense was $1 million, and its corporate tax rate was 40%. At year-end, it had $14 million in current asset, $3 million in accounts payable, $1 million in (expense) accrual's, $2 million in notes payable, and $15 million in net plant and equipment. Rattner had no other current liabilities. Assume that Rattner's only noncash item was depreciation. a. What was the company's net income? b. What was its net operating working capitals (NOWC)? c. What was its net working capital (NWC)? d. Rattner had $12 million in net plant and equipment the prior year. Its net operating working capital has remained constant over time. What is the company's free cash flow (FCF) for the year that just ended? e. Rattner had 500,000 common shares outstanding and the common stock amount on the balance sheet is $5 million. The company has not issued or repurchased common stock during last years. Last year's balance in retained earnings was $12 million and the firm paid out dividends of $1.2 million during the year. Develop Rattner's end-of-year Statement of StockHolders Equity.
The Griffey Lang Food Corporation faces a difficult problem. In management's effort to grow the business, they accrued a debt of $150 million while the value of the company is only $125 million.
1- A stock sells for $52 per share, and the 6-month European call on the stock with a strike price of $50 sells for $2.50. The stock is not expected to pay any dividends in next six months. The risk free interest rate is 4% per annum, continuo..
Financial Interpretation No. 46R, "Consolidation of Variable Interest Entities," references several of the FASB Concepts Statements in motivating the need to identify and consolidate variable interest entities.
The exercise price on one of ORNE Corporation's call options is $35 and the price of the underlying stock is $34. The option will expire in 55 days. The option is currently selling for $0.25.
When examining a Company financial structure, would you be concerned with the firm's business risk? Why or why not?
the bitter almond company was confronted with the two mutually exclusive investment projects a and b which have the
Assume authors' royalties are reduced and sales remain constant; how much more money can the publisher put into advertising (a fixed cost) and still break even?
What are some current changes proposed by the International Accounting Standards Board and how it will affect U.S. GAAP?
Assume a tax rate of 30% and a discount rate of 12%. If the lathe can be sold for$7,000 at the end of year 3, what is the after-tax salvage value?
analyze your portfolio by answering the following questions.1.nbsp compare the performance of the stock with the lowest
you are a capital markets product specialist at an investment bank. you have been approached by severn trent plc a uk
You will receive $1,200 at the end of the next 15 years, assuming a 8% discount rate, what is the present value of the cash flows?
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