The Lory Bookstore used internal financing as a source of long-term financing for 80% of its total needs in 2011. The company borrowed an additional 27% of its total needs in the long-term debt markets in 2011. What were Lory's net new stock issues in that year?
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- Zoe's Dog Toys Inc. reported a debt to quity ratio of .70 times st thr end of 2008. If the firm's total assets at yesr end were 50.2 million, how muhc of their assets are finances with equity?At year-end 2016, total assets for Arrington Inc. were $1.7 million and accounts payable were $360,000. Sales, which in 2016 were $2.9 million, are expected to increase by 20% in 2017. Total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. Arrington typically uses no current liabilities other than accounts payable. Common stock amounted to $430,000 in 2016, and retained earnings were $210,000. Arrington plans to sell new common stock in the amount of $65,000. The firm's profit margin on sales is 7%; 65% of earnings will be retained. a. What were Arrington's total liabilities in 2016? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest cent. b. How much new long-term debt financing will be needed in 2017? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Do not round your…Suppose that for 2010 Aquarius company's current assets totaled $60,000; total assets totaled 470,000; current liabilities totaled 72,000; and total liabilities totaled $430,000. Calculate the debt-to-equity ratio for Aquarius for 2010. Calculate the debt-to-equity ratio for Aquarius for 2010. (round your answer to three decimal places.)
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- Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,200,000 in the past year. Go The Distance Trading Cards Balance Sheet, 2013: Assets $ Current Assets $74,630.00 Net fixed Assets (Net PPE) $224,900.00 Total Assets $299,530.00 Liabilities and Shareholder Equity Current Liabilities $43,510.00 Long-term liabilities (Long term debt) $93,200.00 Total Liabilities $136,710.00 Shareholder equity $162,820.00 Total Liabilities and Shareholder Equity $299,530.00 What is the debt-to-asset ratio for this firm?An insurance company has $800 million in assets and $783 in liabilities at year end 2017. It also had $ 276 million in premium revenue, $95 million in investment income, $266 million in claims, and $24 million in operating/administrative expenses. What is its surplus or deficit?The Ethereum Imports Company’s EPS in 2011 was $3.00, and in 2006 it was $1.90. The company’s payout ratio is 30%, and the stock is currently valued at $42. Flotation costs for new equity will be 7%. Net income in 2012 is expected to be $15 million. The market-value weights of the firm’s debt and equity are 40% and 60%, respectively.a. Based on the five-year track record, what is Dempere’s EPS growth rate? What will the dividend be in 2012?b. Calculate the firm’s cost of retained earnings and the cost of new common equity.c. Calculate the breakpoint associated with retained earnings.
- Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 1.50 times at the end of the year. If the firm's total assets at year-end were $25.50 million, how much of its assets are financed with debt and how much with equity? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places. Total debt Total equity million millionTiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 2.00 times at the end of the year. If the firm's total assets at year- end were $23.25 million, how much of its assets are financed with debt and how much with equity? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 3 decimal places. Total debt Total equity million millionWhat was the company's debt-to-equity ratio?
