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1) Little Books Inc. recently reported $9 million of net income. Its EBIT was $16.2 million, and its tax rate was 40%. What was its interest expense? [Hint: Write out the headings for an income statement and then fill in the known values. Then divide $9 million net income by (1 - T) = 0.6 to find the pretax income. The difference between EBIT and taxable income must be the interest expense. Use this same procedure to complete similar Problems.] Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
2) In its most recent financial statements, Newhouse Inc. reported $40 million of net income and $720 million of retained earnings. The previous retained earnings were $684 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Tamiflu is a medication used to treat the flu. During the peak flu season, sales of the prescription medication soar. However, during the non-seasonal months sales decrease. As marketing manager of the Tamiflu team, what marketing plan will you util..
H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,260,000. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be wor..
The real rate of return is 3 percent. If inflation is expected to be 4 percent, what should be the risk free rate of return? What is the risk free rate of return if inflation is 2 percent? If the T-bill rate is 3 percent and inflation is 4 percent, w..
What is the future value of a 1000 dollars place in savings account for 4 years if the account pays 9% compound quarterly? Your uncle promise to give 500 a quarter for the next 5 years. how much is his promise worth right now if the interest rate is ..
Discuss the following topic - Should trade restrictions be used to influence human rights issues
A firm has a retention ratio of 40 percent and a sustainable growth rate of 7.60 percent. The capital intensity ratio is 1.46 and the debt-equity ratio is .75. What is the profit margin?
As a first step, the CFO decides an analysis based purely on financial considerations is necessary to determine which country looks like the most viable candidate. You are asked to As a first step, the CFO decides an analysis based purely on financia..
What happens to the future value of a sum of money deposited for N years as the rate of return k increases? What happens to the present value of a sum of money to be received at the end of N years as k increases?
What does the value of the yuan have to do with U.S. goods being "artificially inflated in price" or Chinese goods being "artificially deflated in price"?
What is the effect of an unexpected cash dividend on (a) a call option price and (b) a put option price? - Explain why the market maker's bid-offer spread represents a real cost to options investors.
A group of angry shareholders has placed a corporate resolution before all shareholders at a company’s annual stockholders’ meeting. The resolution demands that the company stretch its accounts payable because these shareholders have determined that ..
You have just received notification that you have won the $2.18 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you’re around to collect), 62 years from now. What is the present value..
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