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 Marketable securities 400 Inventory 2002 Accounts receivable 900 Fixed Assets $800 Net Fixed Asset (Plant&Equipment) 1800 2003 $900 300 800 2000 $2000 $9000 In 2003, the Market-value-to-Book-value ratio is %
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 Marketable securities 400 Inventory 2002 Accounts receivable 900 Fixed Assets $800 Net Fixed Asset (Plant&Equipment) 1800 2003 $900 300 800 2000 $2000 $9000 In 2003, the Market-value-to-Book-value ratio is %
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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Question
![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
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2d48e8bf-b61f-4eb4-ad84-db795a854361%2Fcbd5f841-ca50-4791-a667-c4d6afbe4e95%2F2dvtw6_processed.png&w=3840&q=75)
Transcribed Image Text: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
%
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