Ak Kramer Inc.'s income statement shows sales of $1,000, cost of goods sold of $400,pre-interest operating expense of $300, and interest expense of $100. What is Kramer's interest coverage ratio ? Your answer An analyst gathered the following information from a company's 2010 financial statements (in $ millions): In 2010, the company declared and paid cash dividends of $10 million and recorded depreciation expense in the amount of $25 million. The company considers dividends paid a financing activity. What was the company's 2010 cash flow from operations (in $ millions) ? Captionless Image Your answer During 2009, URBAN Company sold 10 acres of prime commercial zoned land to a builder for $5,000,000. The builder gave URBAN a $1,000,000 down payment and will pay the remaining balance of $4,000,000 to URBAN in 2010. URBAN purchased the land in 2002 for $2,000,000. Using the installment method, how much profit will URBAN report for 2009?

Ak Kramer Inc.'s income statement shows sales of $1,000, cost of goods sold of $400,pre-interest operating expense of $300, and interest expense of $100. What is Kramer's interest coverage ratio ? Your answer An analyst gathered the following information from a company's 2010 financial statements (in $ millions): In 2010, the company declared and paid cash dividends of $10 million and recorded depreciation expense in the amount of $25 million. The company considers dividends paid a financing activity. What was the company's 2010 cash flow from operations (in $ millions) ? Captionless Image Your answer During 2009, URBAN Company sold 10 acres of prime commercial zoned land to a builder for $5,000,000. The builder gave URBAN a $1,000,000 down payment and will pay the remaining balance of $4,000,000 to URBAN in 2010. URBAN purchased the land in 2002 for $2,000,000. Using the installment method, how much profit will URBAN report for 2009?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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In a recent year, Cullumber Corporation had net income of $746000, interest expense of $146000, and a times interest earned ratio of 9. What was Cullumber Corporation's income before taxes for the year? Select answer from the options below $1168000 $943111 $1460000 $1314000
At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long- term debt of $7000. Corresponding entries for 2003 are $1600, $2000, and $2000. Asset values are below. During 2003, Yung.com had sales of $10000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21%, and all taxes are paid currently. The company has 100 shares of common stock outstanding with a stock price of $15 at the end of 2003. Total dividends paid is $120 in 2003. Current Asset Cash Accounts receivable Marketable securities 400 Inventory Fixed Assets 2002 Net Fixed Asset (Plant&Equipment) $800 900 1800 2003 $900 300 800 2000 $2000 $9000 In 2003, the Market-value-to-Book-value ratio is %
Arco Steel, Inc. generated total sales of $45,565,200 during fiscal 2010. Depreciation and amortization for the year totaled $2,278,260, and cost of goods sold was $27,339,120. Interest expense for the year was $9,641,300 and selling, general, and administrative expenses totaled $4,556,520 for the year. What is Arco’s EBIT for 2010? A) $9,641,300 B) $11,391,300 C) $13,275,030 D) $18,490,000
During 2010. Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrativeand selling expenses, and depreciation expenses were S610,000, $105,000 & $140,000respectively. In addition, the company had an interest expense of $70,000 and tax rate of 35percent.a. What is Raines's net income for 2010?b. What is its operating cash now?c. Explain your results in (a) and (b)
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During 2009 Valley Sales, Inc., earned revenues of $500,000 on account. Valley collected $510,000 from customers during the year. Expenses totaled $420,000, and the related cash payments were $400,000. Show what Valley would report on its 2009 income statement under the: a. Cash basis. b. Accrual basis. Compute net income under both bases of accounting. Which basis measures net income better?
Armstrong Industries had the following operating results for 2021: Sales = $35,000; Cost of goods sold = $24,000; Depreciation expense = $6,000; Interest expense = $2,700; Dividends paid = $2000. At the beginning of the year, net fixed assets were $20,000, current assets were $7,000, and current liabilities were $4,000. At the end of the year, net fixed assets were $21,500, current assets were $8,700, and current liabilities were $4,700. The tax rate for 2021 was 21 percent. What is Armstrong's 2021 Cash Flow from Assets (CFFA)? 2000 2021 Sales $35000 COGS $24000 Depreciation $6000 Interest Expense $2700 Dividends Paid $2000 Net Fixed Assets $20000 $21500 Current Assets $7000 $8700 Current Liabilities $4000 $4700 Tax Rate 21% 21% Group of answer choices $483 $3,017 $2,017 $1,817 $7,334 $1,000 $7,500 $10,517
Sandhill Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $877,800, general and administrative expenses of $358,200, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is its net income after taxes? (Round intermediate calculations and final answer to the nearest whole dollar, e.g. 5,275.) Sandhill Rental CompanyIncome Statement as of March 31, 2017Amount select an income statement item Depreciation ExpensesRent RevenueEarnings Before Interest, Taxes, Depreciation, and AmortizationNet Income / (Loss)Leasing ExpensesRevenuesGeneral and Administrative ExpensesUtilities ExpenseEarnings Before Interest and TaxesInterest ExpenseEarnings Before TaxesTaxes $enter a dollar amount select an income statement item…
A company had net sales of $230,000 for 2010 and $288,000 for 2011. The company’s average total assets for 2010 were $150,000 and $180,000 for 2011. Calculate the total asset turnover for each year and comment on this company's efficiency of using its assets. 2010: 2011: Comment on the company’s efficiency in the use of its assets.
9
During the year, the senbet discount tire company had gross saels of 556900. the companys cost of goods sold and selling expenses were 189200 and 110200, respectively. The company aslo had debt of 496000 which carried and interest rate of 6 percent. depreciation was 65700, tax rate 21 percent. a. what is the companys net income? b. what was the companys operating cash flow?

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