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Franklin Country Foundry has a total asset turnover rate of 1.10 and their profit margin is 9.40 percent. There are 102,546 in accounts receivable and assets total 1,230,526. How long on average does it take the firm to collect its receivables?
a. 13.20 days
b. 27.65 days
c. 52.81 days
d. 112.8 days
e. 388.2 days
Callaghan Motors' bonds have 20 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 10.5%, and the yield to maturity is 11%. What is the bond's current market price? Round your answer to t..
A bond with a par value of $1000 has annual coupons at the end of each year for 10 years. The initial coupon rate is 7% and each coupon is 3% greater than the preceding coupon. The bond is redeemed for $1200 at the end of 10 years. Find the price one..
Suppose Pale Hose, Inc. has just paid a dividend of $1.50 per share. Sales and profits for Pale Hose are expected to grow at a rate of 7% per year. Its dividend is expected to grow by the same amount. If the required return is 14%, what is the value ..
The Morris Corporation has $600,000 of debt outstanding, and it pays an interest rate of 9% annually. Morris's annual sales are $3 million, its average tax rate is 40%, and its net profit margin on sales is 8%. If the company does not maintain a TIE ..
Assume you bought 100 shares of DataPoint for $25 per share, and it is currently selling for $40 per share. Assume the stock evenually declines to $31. Ignore brokerage commissions and margin interest costs. Calculate your percentatge rate of return ..
A stock has an expected return of 8%. What is its beta? Assume the risk-free rate is 5% and the expected rate of return on the market is 15%.
Determine the projects cash flows for years t=0 to t=10 and what's the accounts receivable investment How many times a year will the firm turn over its inventory?
The demand for housing is often described as being highly cyclical and very sensitive to housing prices and interest rates. Given these characteristics, describe the effect of each of the following in terms of whether it would increase or decrease th..
Suppose a firm has a preferred stock that pays a $10 annual dividend (no growth expected in this payment) and currently sells for $90.00 per share. If it plans to issue more preferred shares paying the same dividend but also needs to incur a floatati..
A proposal has been made to purchase a machining center at a price of $950,000. The delivery will cost an additional $12,000. It will take a three-person maintenance crew two standard 40-hour weeks that earn $25 an hour each to install the needed ele..
Stock J has a beta of 1.29 and an expected return of 13.61 percent, while Stock K has a beta of .84 and an expected return of 10.55 percent. You want a portfolio with the same risk as the market. What is the portfolio weight of each stock?
Based on the business model and economics of the following hypothetical company, predict whether the following ratios will be high or low along with your reasoning (can be as brief as one sentence for each measure). The company sells a widget that is..
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