Crimson Technologies had $3,200,000 in sales for the 2023 year. The company earned 7% on each dollar of sales. The company turned over its assets 3.5 times in 2023. The firm had a debt ratio of 40% during the year. What was the return on stockholders' equity for 2023?
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- Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for Apple. What was the amount of revenues (i.e., sales) generated by the company in 2017? What were the latest annual dividends per share and dividend yield? What is the earnings per share (EPS) projection for 2019? How many shares of common stock were outstanding? What were the book value per share and EPS in 2017? How much long-term debt did the company have in the third quarter of 2018?The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?What was the return on stockholder's equity for 2022 on these financial accounting question?
- The Dell Corporation has reported the BV of common equity of $10 billion at the end of 2020, with 400 million shares outstanding. The required rate of return is 5%. The company trades in the stock market for $30. calculate the price-to-book ratio.For the next fiscal year, you forecast net income of $48,100 and ending assets of $504,000. Your firm's payout ratio is 9.6%. Your beginning stockholders' equity is $298,000 and your beginning total liabilities are $119,700. Your non-debt liabilities such as accounts payable are forecasted to increase by $9,700. Assume your beginning debt is $109,800. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your debt- equity ratio constant? Please show work. The amount of equity to issue will be... The amount of debt to issue will be...For the next fiscal year, you forecast net income of $49,400 and ending assets of 506,900. Your firm's payout ratio is 10.6 %. Your beginning stockholders' equity is $299,600, and your beginning total liabilities are $128,200. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,500. Assume your beginning debt is $108,200. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant?
- For the next fiscal year, you forecast net income of $49,000 and ending assets of $509,300. Your firm's payout ratio is 10.8%. Your beginning stockholders' equity is $299,600, and your beginning total liabilities are $129,500. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,200. Assume your beginning debt is $109,500. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant? The amount of debt to issue will be $ (Round to the nearest dollar.)The Bouchard Company's EPS was $6.50 in 2021, up from $4.42 in 2016. The company pays out 30% of its earnings as dividends, and its common stock sells for $32.00. a. Calculate the past growth rate in earnings. (Hint: This is a 5-year growth period.) Round your answer to two decimal places. % b. The last dividend was Do = 0.30 ($6.50) = $1.95. Calculate the next expected dividend, D1, assuming that the past growth rate continues. Do not round intermediate calculations. Round your answer to the nearest cent. $ c. What is Bouchard's cost of retained earnings, rs? Do not round intermediate calculations. Round your answer to two decimal places. %For the next fiscal year, you forecast net income of $51,300 and ending assets of $505,400. Your firm's payout ratio is 9.9%. Your beginning stockholders' equity is $299,200 and your beginning total liabilities are $120,500. Your non-debt liabilities such as accounts payable are forecasted to increase by $10,000. Assume your beginning debt is $104,400. What amount of equity and what amount of debt would you need to issue to cover the net new financing in order to keep your debt-equity ratio constant? The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. The amount of equity to issue will be $ 9,898. (Round to the nearest dollar.) The amount of debt to issue will be $. (Round to the nearest dollar.)
- MDL corporation had the following stock prices at the end of each year: 2017: $100, 2018: $150, 2019: $154.The company paid $2 dividend in 2019. Estimate themean return for MDL. The answer is 23%.At the beginning of 2012 investors had invested $25,000 of common equity in Grant Corp. and expect to earn a return of 11% per year. In addition, investors expect Grant Corp. to pay out 100% of income in dividends each year. Forecasts of Grant's net income are as follows: 2012 - $3,500 2013 $3,200 2014 - $2,900 2015 and beyond - $2,750 Using this information, what is Grant's residual income valuation at the beginning of 2012?The Bouchard Company's EPS was $5.40 in 2021, up from $3.26 in 2016. The company pays out 50% of its earnings as dividends, and its common stock sells for $33.00. Calculate the past growth rate in earnings. (Hint: This is a 5-year growth period.) Round your answer to two decimal places. % The last dividend was D0 = 0.50($5.40) = $2.70. Calculate the next expected dividend, D1, assuming that the past growth rate continues. Do not round intermediate calculations. Round your answer to the nearest cent. $ What is Bouchard's cost of retained earnings, rs? Do not round intermediate calculations. Round your answer to two decimal places. % Kahn Inc. has a target capital structure of 55% common equity and 45% debt to fund its $10 billion in operating assets. Furthermore, Kahn Inc. has a WACC of 12%, a before-tax cost of debt of 12%, and a tax rate of 25%. The company's retained earnings are adequate to provide the common equity portion of its capital budget.…
