Smith Industries has $500,000 in debt, a total debt ratio of 0.5, and an asset turnover of 4. What are the annual sales for Smith Industries? A. $1,000,000 B. $2,000,000 C. $4,000,000 D. $5,000,000
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What are the annual sales for smith industries on these financial accounting question?
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- Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 Calculate change in NWCConsider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditors iii) Calculate the cash flow to shareholders iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC PLEASE SHOW WORKINGCrystal Oil has $9 million in accounts payable, $1.8 in saleries and taxes payable, and $10.4 in other current liabilities. If Crystal Oil had a cost of sales of $54 million and selling, general, and admisitrative expenses of $18 million, what is the length of its payables deferal period? *show work* A) 10.47 days B) 73.02 days C) 54.75 days D) 45.63
- Colter Steel has $5,250,000 in assets. Temporary current assets. Permanent current assets Fixed assets Total assets $ 2,500,000 1,575,000. 1,175,000 $ 5,250,000 Assume short-term interest rates are 10 percent and long-term rates are 4 percentage points lower than short-term rates. Earnings before interest and taxes are $1,110,000. The tax rate is 40 percent. If long-term financing is perfectly matched (synchronized) with long-term asset needs, and the same is true of short-term financing. what will earnings after taxes be? Earnings after taxesUse the following information to answer the next question. Total Asset = $40 million Basic earning power (BEP) ratio is 20% Times-interest-earned (TIE) Principal payments = 4 million ratio is 6.55 $1.35 million; $0.37 million What is the company's EBIT? The company's interest expense? $3.33 million; $0.83 million $8.0 million; $0.62 million Depreciation = $1.0 million. $7.5 million; $0.75 million Lease payments = 0.6 million $8.0 million; $1.22 millionLone Star Plastics has the following data:Total Assets: R100,000 ; Net Profit margin: 6.0%;Tax rate: 40% ; Debt ratio: 40.0% of which 30% is interest bearing debt;Interest rate: 8.0% : Total assets turnover: 3.0.Calculate Lone Star's EBIT (Earnings before Interest and Tax).
- A company recently reported $2100 of sales, $1, 100 of operating costs other than depreciation, and $500 of depreciation. It had $10,000 of bonds outstanding that carry a 6.0% interest rate, and its income tax rate was 40 % How much was the company's operating income, or EBIT?Stamps Office Supplies recently reported $15,500 of sales, $8,500 of operating costs other than depreciation, and $1,700 of depreciation. It had $12,000 of bonds outstanding that carry a 6.0% interest rate, and its federal-plus- state income tax rate was 35%. How much was the firm's earnings after taxes? O $4,700 O $4,870 O $2,748 O $2,977Rao Construction recently reported $23.50 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 Rao's operating income, or EBIT, in millions? a. $6.56 b. $6.95 c. $8.22 d. $7.90 e. $5.93
- Refer to the following financial information of Scholz Company: NOPAT 8,250,000 FBITDA 17,725,000 Net Income 5,050,000 Capital Expenditures 6,820,000 After tax capital costs 6,280,000 Tax rate 40% 1.Calculate the Company's depreciation and amortization expense 2. Refer to Scholz Company, calculate its interest expense. Use 2 decimal places for your final answer. 3. Refer to Scholz Company, calculate its EVA. Use 2 decimal places for your final answer2. Alarm. Co recently reported $15.000 of sales. $5.500 of operating costs other than depreciation, and $1.250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate, and its federal- 4 points plus-state income tax rate was 35%. During the year. the firm had expenditures on fixed assets and net working capital that totaled $1.550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow? O $5,063 $1.873 $1,972 $2,076 None of the aboveProvide return on asset ?