What was year-end debt or assets ratio

Assignment Help Accounting Basics
Reference no: EM132480887

Question 1: Billingsworth & Company had earnings per share of $4 last year, and it paid a $2 dividend. Total retained earnings increased by $12 million during the year, and book value per share at year-end was $40. Billingsworth has no preferred stock, and no new common stock was issued during the year. If the company's year-end debt (which equals its total liabilities) was $120 million. what was its year-end debt/assets ratio?

Question 2: Refreshing Pool Corporation reported net operating income equal to $120,000 this year. Examination of the company's balance sheet and income statement shows that the tax rate was 40 percent, the depreciation expense was $25,000, $150,000 was invested in assets during the year, and invested capital equals $500,000. The firm's if average after-tax cost of funds is 12 percent What was the firm's (1) operating cash flow, (2) free cash flow, and (3) economic value added (EVA)?

Reference no: EM132480887

Questions Cloud

How the role will impact patient outcomes : The elevator door opens; you step on and find yourself face to face with a known skeptical colleague, who inquires "what are you doing in your profession"?
What are some of the global efforts taking place right now : What are some of the global efforts taking place right now to combat coronavirus? (Do some research and give some examples; don't just wing this off the top.
Prepare the year-end closing entries : Prepare the year-end closing entries, Ivanhoe has year-end account balances of Sales Revenue $822,958, Interest Revenue $12,180
What milestones support healthy psycho-social development : Write a paragraph in response to this question: What developmental milestones support healthy psycho-social development in Middle Childhood? Be sure to include.
What was year-end debt or assets ratio : What was the firm's (1) operating cash flow, (2) free cash flow, and (3) economic value added (EVA)? what was its year-end debt/assets ratio?
PUBH6003 Health systems and Economics Assignment : PUBH6003 Health systems and Economics Assignment help and solution, Laureate International Universities - assessment writing service
Reflect on your understanding of different races : By the early twentieth century, Frank Boas and other anthropologists and biologists had come to an interesting conclusion regarding the idea of race.
What will be the tax and nontax implications : What will be the tax and nontax implications relating to the formation of Transformation, Inc. However, at this point, David is undecide
How two therapy orientations would view and treat disorder : Describe how 2 therapy orientations would view and treat the disorder. Describe which therapy would have the most effective approach (and why).

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the depreciation deduction on the auto

Assuming a half-year convention, bonus depreciation but no immediate expensing, what is the depreciation deduction on the auto

  Calculate cost of goods sold for the february

A disclosure note reported that if FIFO had been used instead of LIFO, inventory would have been higher by $258 million and $180 million at the end of the February 28, 2009, and February 23, 2008, fiscal years, respectively.

  Discuss how to interpret static and flexible budget variance

Prepare a flexible budget and show variances for the year that passed. Indicate whether the flexible budget variances are favorable or unfavorable.

  If you could condense the ten areas of online privacy

If you could condense the ten areas of Online Privacy in the AICPA Trust Principles, into a shorter list (three, four, or five point list), how would you word that list?

  Compute the weighted-average number of shares outstanding

Compute the weighted-average number of shares outstanding as of December 31, 2018. Compute earnings per share for 2018.

  Which was a larger profit than b had originally budgeted

which was a $200,000 larger profit than B had originally budgeted for the sale to A. A has now filed suit to recover the $400,000 deposit.

  Investment trust fund-summarize the collection of interest

Demostrate the entry in the Investment Trust Fund to summarize the collection of interest for six-month period.

  Tidbit inc has a sales budget for next month of 800000 cost

tidbit inc. has a sales budget for next month of 800000. cost of goods sold is expected to be 25 percent of sales. all

  Analyze each of these alternatives and select one

You are considering three basic investment alternatives. You can invest in (1) corporate bonds paying 7 percent interest, (2) conservative stocks that pay substantial dividends (typically 5 percent of the stock price every year), and (3) growth-orien..

  Identify the biological factors that influence sensation

Identify the biological factors that influence sensation and perception

  Alpha company had an increase in inventory of 20000 the

alpha company had an increase in inventory of 20000. the cost of goods sold was 40000. there was a 10000 increase in

  Identify whether each transaction results in adjusting a

x company completed its first year of operations on dec 31 2011. all of the 2011 entires have been recorded except for

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