The most recent financial statements for Live Co. are shown here: Income Statement Sales Costs Taxable income. Taxes (33%) Net income $15,000 Current assets Fixed -assets $6,000 Total 1,980 $4,020 9,000 Balance Sheet $32,345 Debt 22,633 Equity $54,978 Total $31,878 23,100 $54,978 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible.

The most recent financial statements for Live Co. are shown here: Income Statement Sales Costs Taxable income. Taxes (33%) Net income $15,000 Current assets Fixed -assets $6,000 Total 1,980 $4,020 9,000 Balance Sheet $32,345 Debt 22,633 Equity $54,978 Total $31,878 23,100 $54,978 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible.

Name: The most recent financial statements for Live Co. are shown here:Inco
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Description: The most recent financial statements for Live Co. are shown here:Income StatementSalesCostsTaxable$15,000income9,000CurrentassetsFixed-assets$6,000 TotalTaxes (33%)1,980Net income $4,020Balance Sheet$32,345 Debt22,633 Equity$31,87823,100$54,978 Tota

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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The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ 11,980 Debt 32,400 Equity Sales Costs Taxable income Taxes (21%) Net income $ 20,300 13,900 $ 6,400 1,344 $ 5,056 Current assets Fixed assets Total $ 44,380 Total $ 16,540 27,840 $44,380 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.)
The Haines Corporation shows the following financial data for 20X1 and 20X2: 20X2 $ 3,000,000 2,060,000 $ 940,000 300,000 $ 640,000 54,400 $ 585,600 204,960 $ 380,640 Sales Cost of goods sold Gross profit Selling & administrative expense Operating profit Interest expense Income before taxes Taxes (35%) Income after taxes 20X1 $ 3,400,000 1,880,000 $ 1,520,000 302,000 $ 1,218,000 48,000 $ 1,170,000 409,500 $ 760,500 For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20x2. Note: Input your answers as a percent rounded to 2 decimal places. a. Cost of goods sold to sales b. Selling and administrative expense to sales c. Interest expense to sales 20X1 % % % 20X2 Profitability % Decrease % Increase % Decrease
The following figures relate to Keeffe Ltd. Sales 350,000 Gross Profit 105,000 Net Profit 63,000 Calculate the following: (Show your workings) Gross Profit Percentage 2. Net Profit Percentage
Given the following income statements and Balance sheet, find the following financial ratios Income Statement Sales revenue 30,000,000 Less cost of goods 21,000,000 Gross profit 9,000,000 Less operating expenses 6,000,000 Operating profit (EBIT) 3,000,000 Less interest expenses 1,000,000 Net profit before taxes 2,000,000 Less taxes (40%) 800,000 Net profit after tax 1,200,000 Less preferred stock dividends 100,000 Earnings available for common 1,100,000 Stock holders Balance Sheet Assets Liabilities Cash…
The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ 11,940 Debt 31,500 Equity Sales Costs Taxable income Taxes (21%) Net income $ 20,100 Current assets 13,800 Fixed assets Internal growth rate $ 6,300 1,323 $ 4,977 Total $ 43,440 % $ 16,420 27,020 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 45 percent dividend payout ratio. What is the internal growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) Total $ 43,440
Provide Answer
Garden Pro Corporation has sales of $4,953,171; income tax of $343,835; the selling, general and administrative expenses of $203,842; depreciation of $382,438; cost of goods sold of $2,453,450; and interest expense of $155,731. Calculate the firm’s net income?
Extendicare Inc. reported the following selected information (in thousands): Revenues Net income (excluding discontinued business income) Net income (including discontinued business income) Other comprehensive income (loss) Total comprehensive income With discontinued income: Profit margin Without discontinued income: Profit margin With OCI: Profit margin 2021 $1,216,758 Without discontinued income and without OCI: Profit margin 9,012 11,504 1,659 13,163 2020 $1,103,544 42,450 (a) Calculate the profit margin with and without the effect of the discontinued income and comprehensive income for each year (Round answers to 1 decimal place, e.g. 5.2%.) 54,189 (2,154) 52,035 2021 % % % % 2020
The most recent financial statements for Bello Company are shown here: Balance Sheet $ 4,700 Current assets $ 4,996 Debt 3,102 Fixed assets 12,230 Equity Taxable $ $1,598 Total Total income 17,226 Taxes (22%) 352 Net Income $1,246 Income Statement Sales Costs Tran 5.07% Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 32 percent dividend payout ratio. What is the internal growth rate? 5.27% 13.26% 5.17% $ 9,988 7,238 2.37% $ 17,226
Cullumber Corporation reported net sales of $160,000, cost of goods sold of $91,200, operating expenses of $35,900, other expenses of $10,600, net income of $8,000. Calculate the following values. (Round answers to O decimal places, e.g. 25%.) *** EXAG 1. 2. Profit margin Gross profit rate % % Tole Skole Sele Schotho
The most recent financial statements for Anderson Company are shown here: Sales Costs Income Statement Taxable income Taxes (25%) Net income $75,000 26,600 $ 48,400 Maximum increase in sales 12,100 $36,300 Current assets Fixed assets Total Balance Sheet $ 31,500 127,500 $ 159,000 Long-term debt Equity Total $ 68,000 91,000 $ 159,000 Assets and costs are proportional to sales. Long-term debt and equity are not. The company maintains a constant 35 percent dividend payout ratio and a constant debt- equity ratio. What is the maximum increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Garden Pro Corporation has sales of $4,374,312; income tax of $562,963; the selling, general and administrative expenses of $291,061; depreciation of $399,602; cost of goods sold of $2,863,521; and interest expense of $105,428. Calculate the firm's net income?

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