Green Office Supplies recently reported $15,500 of sales, $8,250 ofoperating costs other than depreciation, and $1,750 of depreciation. It had$9,000 of bonds outstanding that carry a 7.0% interest rate, and itsfederal-plus-state income tax rate was 40%. How much was the firm'searnings before taxes (EBT) *$4,627$5,638$5,114$5,369$4,870Mori Company's net income last year was $25,000 and cash dividendsdeclared and paid to the company's stockholders totaled $10,000.Changes in selected balance sheet accounts for the year appear below:Increases (Decreases) Debit balances: Accounts receivable $(6,000)Inventory $2,000 Prepaid expenses $(1,000) Long term investments$20,000 Credit balances: Accumulated depreciation $12,000 Accountspayable $9,000 Taxes payable $(5,000) Based solely on this information,the net cash provided by operations under the indirect method on thestatement of cash flows would be: *$46,000$36,000$37,000$4,000

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Green Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT) * O $4,627 O $5,638 O $5,114 O $5,369 O $4,870

Green Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT) * O $4,627 O $5,638 O $5,114 O $5,369 O $4,870

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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Broward Manufacturing recently reported the following information: Net income $770,000 ROA 7% Interest expense $292,600 Accounts payable and accruals $1,000,000 Broward's tax rate is 40%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, while 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Do not round intermediate calculations. Round your answers to two decimal places. ВЕР % ROE % ROIC
Patterson Brothers recently reported an EBITDA of $8.5 million and net income of $1.8 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization? Write out your answer completely.
Ehrlich & Czarnecki Consulting, Inc. recently reported the following information: Net income = $800,000 Sales = $4,200,000 Total Assets = $9.5 million Tax rate = 40% Interest expense = 20,000 Accounts Payable = 36,000 Notes Payable = 300,000 Accruals = 50,000 After-tax cost of capital = 11% What is the company’s EVA? $-296,358 $-223,540 $-452,391 $-488,029 None of the above is within $100 of the correct answer.
Edwards Electronics recently reported $15,250 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was its net operating profit after taxes (NOPAT)? Select the correct answer. a. $6,324.00 b. $6,349.50 Oc$6,273.00 O d. $6,298.50 e. $6,375.00
Broward Manufacturing recently reported the following information: Net income ROA BEP: 26.73 Interest expense $102,120 Accounts payable and accruals $950,000 Broward's tax rate is 25%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, and 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Do not round intermediate calculations. Round your answers to two decimal places. ROE: 73.60 ROIC: 44.55 % % $276,000 % 8%
The income statement for Northeast Co, is shown below. How much is net operating profit after taxes (NOPAT)? (Note: all dollars shown in 000's.) Sales $4,000.00 Costs 2,400.00 Depreciation 200.00 EBIT 1,400.00 Interest Expense 400.00 EBT 1,000.00 |Таx (21%) 210.00 Net Income 790.00 O $1.106.00 O$624.10 O $910.00 O$1.264.00 O$1.000.00
Last year, Stewart-Stern Inc. reported $11,250 of sales, $4,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $2,500 of bonds outstanding that carry a 7.00% interest rate, and its federal-plus-state income tax rate was 25.00%. During last year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,600. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. This year's data are expected to remain unchanged except for one item, depreciation, which is expected to increase by $900. By how much will the depreciation change cause (1) the firm's net income and (2) its free cash flow to change? Note that the company uses the same depreciation for tax and stockholder reporting purposes. Do not round the intermediate calculations
McEwen mining recently reported $130000 off sales$68500 of operating cost other than depreciation and $10200 off depreciation. The company has $20000 of outstanding bonds that carry a 6% interest rate and its tax rate was 35%. what was the firms net income
Pearson brothers recently reported an EDITDA of $7.5 million and net income of $1.8 million. It had $2.0 million of interest expense, and its corporate tax rate was 40%. What was it's charge for depreciation and amortization?
Broward Manufacturing recently reported the following information: $507,000 10% Interest expense $187,590 $1,050,000 Accounts payable and accruals Broward's tax rate is 25%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, and 60% of its total invested capital is common equity. Calculate its basic earning power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Do not round intermediate calculations. Round your answers to two decimal places. Net income ROA BEP: ROE: ROIC: % % %
Kwok Enterprises has the following income statement. How much after-tax operating income does the firm have? Sales $2,900 Costs 1,400 Depreciation 250 EBIT $1,250 Interest expense 70 EBT $1,180 Taxes (25%) 295 Net income $885
Mao Construction recently reported $20.50 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. What was Mao's operating income, or EBIT, in millions? * $4.90 $3.97 $3.57 $4.41 O $3.21

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