Corporate Finance
3rd Edition
ISBN: 9780132992473
Author: Jonathan Berk, Peter DeMarzo
Publisher: Prentice Hall
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Question
Chapter 1.3, Problem 2CC
Summary Introduction
To Determine: The advantages that a stock market provide to corporate investors.
Introduction: The stock market is a commercial center where securities and possession stake in organizations and companies are purchased, sold, exchanged, and issued. It is where the shares of pubic listed organizations are traded. The primary market is the place organizations float shares to the community in an initial public offering in order to raise capital.
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Footfall Manufacturing Ltd. reports
information at the end of the current year:
Net Sales
$100,000
Debtor's turnover ratio (based on 2
net sales)
Inventory turnover ratio
1.25
Fixed assets turnover ratio
0.8
Debt to assets ratio
0.6
Net profit margin
5%
Gross profit margin
25%
Return on investment
2%
the
following financial
Use the given information to fill out the templates for income
statement and balance sheet given below:
Income Statement of Footfall Manufacturing Ltd. for the year ending
December 31, 20XX
(in $)
Sales
100,000
Cost of goods
sold
Gross profit
Other expenses
Earnings before
Lax
Tax @50%
Earnings
tax
after
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