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Selected yearend financial statements of Cabot Corporation follow, all sales were on credit selected balance sheet amounts at December 31, 2012 were inventory; $52,900; total assets; 229,00; common stock 105,000 and retains earning 52, 548. Cabot Corporation Income Statement For Year Ended December 31, 2013. Sales 452,600 Coat of goods sold 296,950; Gross profit 155.650; Operating expenses 99,000; Interest expenses 3800: Income before taxes 52,850; Income taxes 21290: Net income 31,500. Cabot Corporation Balance Sheet December 31, 2013. Assets Cash 14,000; Short term 9600;Accounts receivable, net 31600; Notes receivable trade 3000; Merchandise inventory 36150; Prepaid expenses 2850; Plant assets net 153,300; Total assets 250,500; Liabilitites and Equity Accounts payable 23500; Accrued wages payable 4000; Income taxes payable 3100; Long term note payable secured by mortgage on plant assets 68400; Common Stock 105000; Retained earnings 46500; Total liabilties and equity 250,500 * These are short term notes receivable arising from customer trade sales. Required Compute the following; 1 current ratio 2. acid test ratio 3. days sales uncollected 4. Inventory turnover 5. days sales in inventory 6. debit to equity ratio 7. time interest earned 8. profit margin ratio 9. total asset turnover 10. return on total assets 11. return on common stockholders’ equity. use 365 days a year. do not round in yermediate calculation
A company currently pays a dividend of $3.75 per share (D0 = $3.75). It is estimated that the company's dividend will grow at a rate of 21% per year for the next 2 years, then at a constant rate of 6% thereafter. The company's stock has a beta of 1.4..
Mr. and Mrs. Pratt failed to apply for an extension of time to file their 2014 Form 1040 and didn't mail the return to the IRS until May 29, 2015. Assuming the Pratt's had no excuse for filing a delinquent return, compute their late filing and late p..
At one point, Greg was having four packs of gum a day. Each pack of gum costs $2.00 Greg decides to cut his gum usage to 2 packs a day and invest his savings in large-cap stocks with a yield of 12.7% per year historically. Greg has 30 years to invest..
The "threat hypothesis"
Ezzell Corporation issued perpetual preferred stock with a 8% annual dividend. The stock currently yields 10%, and its par value is $100. What is the stock's value?
Assume a bank loan requires an interest payment of $85 a year and principal payment of $1,000 at the end of the loan date/year life. How much this loan could be sold for to another bank if the loans of similar quality care of a 8.5% interest rate tha..
Assessing key ratios of the industry is an example of
1. puckett products is planning for 5 million in capital expenditures next year. pucketts target capital structure
An investment project has annual cash inflows of $4,300, $4,000, $5,200, and $4,400, and a discount rate of 13 percent. What is the discounted payback period for these cash flows if the initial cost is $7,900?
A company's 5-year bonds are yielding 9.7% per year. Treasury bonds with the same maturity are yielding 7.15% per year, and the real risk-free rate (r*) is 2.75%. The average inflation premium is 4%, and the maturity risk premium is estimated to be 0..
What are the economic functions that financial intermediaries perform that benefit society? In your answer, discuss the relationship of financial intermediaries and financial markets to the savings-investment process within an economy and to each oth..
Suppose a stock had an initial price of $96 per share, paid a dividend of $2.70 per share during the year, and had an ending share price of $77.50. Compute the percentage total return. What was the dividend yield? What was the capital gains yield?
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