Chapter 14, Problem 75TPC

Mercury Ltd. has a debt-to-equity ratio of 0.60. Its total shareholders' equity is $3 million, and current liabilities total $950,000. How much long-term debt is outstanding? A. $500,000 B. $800,000 C. $850,000 D. $250,000

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Thor Computer Systems Inc. maintains office equipment under contract. The contracts are for labour only; customers must reimburse Thor for parts. Thor's rate schedule follows:     One year Two years Three years Photocopies $220 $400 $620 Fax machine  175  340  440   Thor's 2026 sales of maintenance agreements is set out below:     One year Two years Three years Photocopies 20 12 30 Fax machine 24 20 30   Required What amount of revenue will Thor recognize for the year ended December 31, 2026? What amount of deferred revenue will Thor report as a current liability on December 31, 2026? What amount of deferred revenue will Thor report as a non-current liability on December 31, 2026?

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FeatherSky Ltd. has a balance sheet equity of $7.1 million. At the same time, the income statement shows a net income of $1,120,000. The company has 175,000 shares of stock outstanding. If the benchmark PE ratio is 25, what is the target stock price in one year?

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Anticipated unit sales are January, 5,000, February, 4,000, and March 8,000 Finished goods are consistently maintained at 80% of the following month's sales If units cost $10 each to produce, how much is February's total cost of production?

What is its net opreting profit after tax?