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1. A company had net income of $300,000 after paying taxes at 34 percent. The firm had revenues of $2,500,000. Their interest expense for the year was $150,000 while their operating expenses were $200,000. What was the firm’s approximate cost of goods sold?
A. $1.1 million B. $1.3 million C. $1.5 million
D. $1.7 million E. $1.9 million
2. From the previous problem, if leverage is 2, the current ratio is 1.2 and total asset turnover is 1.5, what is the company’s ROE?
A. 9% B. 25% C. 30%
D. 36% E. 43.2%
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On August 8, 2014, Leon’s Kitchen Hut bought a set of pots with a $136 list price from Lambert Manufacturing. Leon’s receives a 30% trade discount. Terms of the sale were 2/10, n/30. On August 14, Leon’s sent a check to Lambert for the pots. What is ..
Contrast the type of risk that confronts Puerto Rico, systemic or non-systemic in relation to the country's fiscal situation,
You deposit $100 in your savings account every quarter for your retirement. How much money will you have after 25 years?
how much equal annual mortgage payments will you have to make?
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