Chapter 1, Problem 14.1EC

Financial statements for Askew Industries for 2024 are shown below (in thousands): 2024 Income Statement Net sales $ 8,600 Cost of goods sold (6,050) Gross profit 2,550 Operating expenses (1,850) Interest expense (100) Income tax expense (240) Net income $ 360 Comparative Balance Sheets   December 31 2024 2023 Assets     Cash $ 500 $ 400 Accounts receivable 500 300 Inventory 700 500 Property, plant, and equipment (net) 1,000 1,100   $ 2,700 $ 2,300 Liabilities and Shareholders’ Equity     Current liabilities $ 500 $ 250 Bonds payable 900 900 Common stock 500 500 Retained earnings 800 650   $ 2,700 $ 2,300   Calculate the following ratios for 2024. Note: Consider 365 days a year. Round your intermediate calculations and final answers to 2 decimal places.

Ans plz general accounting

What is this firm WACC

None

What is the firm's weighted average cost of capital? General accounting

General accounting

Abc

What is the firm's weighted average cost of capital?

The following condensed income statements of the Jackson Holding Company are presented for the two years ended December 31, 2024 and 2023:   2024 2023 Sales revenue $ 15,900,000 $ 10,500,000 Cost of goods sold 9,650,000 6,450,000 Gross profit 6,250,000 4,050,000 Operating expenses 3,560,000 2,960,000 Operating income 2,690,000 1,090,000 Gain on sale of division 690,000 —   3,380,000 1,090,000 Income tax expense 845,000 272,500 Net income $ 2,535,000 $ 817,500 On October 15, 2024, Jackson entered into a tentative agreement to sell the assets of one of its divisions. The division qualifies as a component of an entity as defined by GAAP. The division was sold on December 31, 2024, for $5,270,000. Book value of the division’s assets was $4,580,000. The division’s contribution to Jackson’s operating income before-tax for each year was as follows: 2024 $ 445,000 2023 $ 345,000 Assume an income tax rate of 25%. Required: Note: In each case, net any gain or…