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The 2013 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $6.3 million, and the 2014 balance sheet showed long-term debt of $6.5 million. The 2014 income statement showed an interest expense of $220,000. During 2014, Maria’s Tennis Shop, Inc., had a cash flow to creditors of $20,000 and the cash flow to stockholders for the year was $75,000. Suppose you also know that the firm’s net capital spending for 2014 was $1,480,000, and that the firm reduced its net working capital investment by $91,000.
What was the firm’s 2014 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)
Operating cash flow
The TMM Corporation has just announced a rights offering where it will take four rights to buy an additional share of common stock at $50 a share. If the current market price is $60 a share, what would be the theoretical market price per share once t..
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Using a minimum of seven financial ratio compare the 2012, 2013, and 2014 yearend financial results of the following corporation: Walt Disney corporation, Oracle corporation, Ford motor company
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A stock has a beta of 1.23, the expected return on the market is 11.9 percent, and the risk-free rate is 4.6 percent. Required: What must the expected return on this stock be?
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