This coming year, Mtshali Ltd is expecting sales revenue of R89 million, operating profit (EBIT) of R12 million, and an asset turnover of 1.3 times. The company is expecting to pay R2 million in interest, which is 10% on their debt. Mtshali Ltd pays tax at the South African corporate tax rate. 2.1 Calculate the value of the company's Debt. Work in R million e.g. express R25 million as 25 (and not 25 000 000), and round your answer off to TWO decimal places e.g. 28.01

This coming year, Mtshali Ltd is expecting sales revenue of R89 million, operating profit (EBIT) of R12 million, and an asset turnover of 1.3 times. The company is expecting to pay R2 million in interest, which is 10% on their debt. Mtshali Ltd pays tax at the South African corporate tax rate. 2.1 Calculate the value of the company's Debt. Work in R million e.g. express R25 million as 25 (and not 25 000 000), and round your answer off to TWO decimal places e.g. 28.01

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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do in excel .and what formula is applicable Company B is expecting a total sale to be 5 million in the first year and will increase by 10% each year for the next 5 years. The company will set aside 2% of its’ total sales for year-end employee bonuses. Interest rate is 8% per year. What is the equivalent annual worth in year 1 through year 5 of the bonus package?
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Subject:- accounting
Thompson Trucking has $9 billion in assets, and its tax rate25%. Its basic earning power (BEP) ratio is 20%, and its returnon assets (ROA) is 5.25%. Whatis its time interest earned (TIF)ratio? Round you answer to twodecimal places.

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