FIN 660 Computational HW 1

QUESTION 6 You are given the following information for Nickels Corp.: Net sales = $3,600,000; Cost of goods sold = $2,300,000; Addition to retained earnings = $100,000; Dividends paid to preferred and common stockholders = $200,000; Interest expense = $100,000. The firm's tax rate is 40 percent. What is the depreciation expense for Nickels Corp.? O $550,000 O $700,000 O $650,000 O $820,000

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Q12

INCOME STATEMENT XYZ Industries is forecasting the following income statement: Sales P8,000,000 Operating costs excl. depr. & amort. 4,400,000 EBITDA 3,600,000 Depreciation & amortization 800,000 EBIT 2,800,000 Interest 600,000 EBT 2,200,000 Taxes (40%) 880,000 Net income 1,320,000 The CEO would like to see higher sales and a forecasted net income of 2,500,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 10%. The tax rate, which is 40%, will remain the same. What level of sales would generate 2,500,000 in net income? *

A firm has a profit margin of 19 percent on sales of $24,000,000. If the firm has total assets of $23,500,000, and an after-tax interest cost on total debt of 5 percent, what is the firm's ROA? a. 12.9% b. 19.4% c. 12.0% d. 13.3% e. 15.1%Provide correct answer please

Tax interest cost on total

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Pinches Salt Company has the following income statement:                Sales                                                      $5,000,000             Variable Operating Cost                         1,000,000             Fixed Operating Cost                             2,000,000             EBIT                                                      $2,000,000             Interest                                                        500,000             EBT                                                        $1,500,000             Tax (at 40%)                                                600,000             EAT                                                        $   900,000             Preferred Dividends                                     100,000             Earnings available for CS                       $   800,000               Shares Outstanding                                      400,000   Compute Pinches DOL, DFL, and DTL   If sales increase to $5,500,000, what is…

I want to this question answer general Accounting

Grayson corporation partial income statement is as follows

Your firm has total sales of $1,420. Costs are $780 and depreciation is $120. The tax rate is 22 percent. The firm does not have interest expenses. What is the operating cash flow? Multiple Choice $342 $420 $526 $473

Income Statement   Balance Sheet     Sales $ 29,300     Assets $ 22,500     Debt $ 6,000     Costs   22,870             Equity   16,500                               Net income $ 6,430       Total $ 22,500       Total $ 22,500                               The company has predicted a sales increase of 6 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not.   Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.)     Pro forma income statement   Pro forma balance sheet Sales     Assets   Debt   Costs       Equity   Net income   Total   Total     What is the external financing needed?

16 A firm has net income of $21,350, depreciation of $2,780, interest of $640, and taxes of $10,990. The EBITDA multiple is 10.2. What is the value of the firm? A. $364,752 B. $341,008 C. $353,860 D $378,820