Chapter 7, Problem 7.34E

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Suppose during 2025 that Federal Express reported the following information (in millions): net sales of $82,500 and net income of $185. Its balance sheet also showed total assets at the beginning of the year of $27,000 and total assets at the end of the year of $23,000. Calculate the asset turnover and return on assets. (Round answers to 2 decimal places, e.g. 6.25 or 6.25%.) Asset turnover Return on assets times %

The shareholders of Barley Corporation have voted in favor of a buyout offer from Wheat Corporation. Information about each firm is given here:    Barley  Wheat  Price/earnings ratio  13.5  21  Shares outstanding  90,000  210,000  Earnings  $180,000  $810,000  Barley shareholders will receive one share of Wheat stock for every three shares they hold of Barley.  Required  What will the EPS of Wheat be after the merger? What will be the P/E ratio if the NPV of the acquisition is 0?    What must Wheat feel is the value of the synergy between these two firms? Explain how your answer can be reconciled with the decision to go ahead with the takeover?

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Respond to jane  Plant assets of DTPW are essential to the County’s transportation services and infrastructure.  These assets consist of physical, long-term resources including our vast Metrorail and Metromover systems, maintenance facilities, administrative buildings, bus depots, and train stations.  DTPW depends greatly on machinery such as fare collection machines, elevators, escalators, signaling devices, and track systems which are necessary to ensure that our daily operations go off without a hitch.  For example, our buses and service trucks are regarded as plant assets since they help the department fulfill its goal of providing dependable and effective transportation across the County. These assets are valuable in addition to being physically noteworthy because they reflect large investments made to preserve accessibility, safety, and public transportation.  For long-term planning and financial reporting, these assets have to be properly managed and their depreciation tracked.…

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