mework i0encesMcGrawHillINCOME STATEMENT OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)Net salesCostsDepreciationEarnings before interest and taxes (EBIT)Interest expensePretax incomeFederal taxes (@ 21%)Net incomeAssetsCurrent assetsCash and marketable securitiesReceivablesInventoriesOther current assetsTotal current assetsFixed assetsProperty, plant, and equipmentIntangible assets (goodwill)Other long-term assetsTotal assetsa. Free cash flowb. Additional taxc. Free cash flowmillionmillionmillion$ 27,57117,5731,406$ 8,59252120228,0711,695$ 6,376BALANCE SHEET OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)2021$ 2,3401,3791261,093$ 4,938$ 24,6812,8082,987$ 35,414$ 2,3401,339121620$ 4,420Saved$ 22,8392,6573,103Liabilities and Shareholders' EquityCurrent liabilitiesDebt due for repaymentLong-term debtOther long-term liabilitiesTotal liabilitiesTotal shareholders' equity$ 33,019 Total liabilities and shareholders' equity< Prev***********Accounts payableTotal current liabilitiesIn 2022 Quick Burger had capital expenditures of $3,053.a. Calculate Quick Burger's free cash flow in 2022.Note: Enter your answer in millions.b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%.)Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.c. What would the company's free cash flow have been if it was all-equity financed?Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number.5 of 52022NextSHARROAK$ 3,407$ 3,407-$ 13,6373,061$ 20,10515,309$ 35,414Help2021Save$ 3793,147$ 3,526$ 12,1382,961$ 18,62514,394$ 33,019C

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Description: mework i0encesMcGrawHillINCOME STATEMENT OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)Net salesCostsDepreciationEarnings before interest and taxes (EBIT)Interest expensePretax incomeFederal taxes (@ 21%)Net incomeAssetsCurrent assetsCash

Free Cash flow Free cash flow is the cash that is left over from operation of the company after…

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INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 218) Net income Assets Current assets Cash and marketable securities" Receivable $ 27,571 17,573 1,406 $ 8,592 521 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 2022 $ 2,340 Liabilities and Shareholders' Equity Current liabilities $ 2,340 Debt due for repayment 2022 2021

INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 218) Net income Assets Current assets Cash and marketable securities" Receivable $ 27,571 17,573 1,406 $ 8,592 521 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 2022 $ 2,340 Liabilities and Shareholders' Equity Current liabilities $ 2,340 Debt due for repayment 2022 2021

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

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Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $670,000, Accounts receivable = $870,000, Inventory = $570,000, Accrued wages and taxes = $111,000, Accounts payable = $207,000, and Notes payable = $1,070,000. What is Cypress's net working capital? Multiple Choice $1,388,000 O $2,110,000 $722,000 O $3,498,000
Selected information follows for Sheridan Corporation for 2023: Accounts payable $60,300 Cash 240,000 Cost of goods sold 580, 000 Income tax expense 31, 400 Interest expense 3,500 Retained earnings 377,000 Sales revenue 757, 500 Selling expenses 61,800 Calculate Sheridan's net income for 2023. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net income Senter the net income in dollars 79800 Incorrect answer eTextbook and Media
Comparative financial statement data for Blossom Company and Oriole Company, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales. Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Net cash common by operating activities Capital expenditures Dividends paid on common stock Weighted-average common shares outstanding Blossom Company Oriole Company 2022 Net Income $2,592,000 1,692,000 407,520 9,980 $ 122,500 496,600 766,000 95,500 157,020 198,720 129,600 51,840 80,000 2022 $892,800 489,600 141,120 4,240 51,840 213,840 201,160 (a) Compute the net income and earnings per share for each company for 2022. (Round Earnings per share to 2 decimal places, eg $2.78) Earnings per share 48,600 58,470 51,840 28,800 21,600 50,000
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Category. Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,735.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,152.00 Interest expense 40,500 42,662.00 Inventories 279,000 288,000 Long-term debt 339,349.00 400,985.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,641.00 Retained earnings 306,000 342,000 Sales 639,000 848,846.00 Тахes 24,750 47,931.00
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What is the debit to asset ratio?
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