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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- Crystal 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) 45.63Colter 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 taxesWhat is the net income?
- Crafty Inc. reported the following financial data. Sales, $180,000; operating expenses $160,000; average operating assets, $150,000; total liabilities, $98,000. The company requires a minimum 12% return on investments. What is the asset turnover ratio? O.133 O.18 O 1.2 O .111Use 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 millionWhat is the net income of this general accounting question?
- 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 $2,977What is the net income of pinakin inc.?
- Rao 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. $5.93Refer 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 above