Calculate firm net new long-term debt added during year

Assignment Help Financial Management

Reference no: EM131825409

During the year, Belyk Paving Co. had sales of $2,399,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,426,000, $435,100, and $490,100, respectively. In addition, the company had an interest expense of $215,100 and a tax rate of 40 percent (ignore any tax loss carryback or carryforward provisions.). The company paid out $401,000 in cash dividends. Assume that net capital spending was zero, no new investments were made in net working capital, and no new stock was issued during the year.

Calculate the firm's net new long-term debt added during the year.

Reference no: EM131825409

Questions Cloud

Bought share-what is your total return for last year : You bought a share of 3 percent preferred stock for $96.17 last year. The market price for your stock is now $97.80 What is your total return for last year?

Percentage changes in roe when the economy expands : Calculate the percentage changes in ROE when the economy expands or enters a recession.

Valuation method for project to mid-year approach : To make the valuation process more realistic, you’ve decided to switch the valuation method for a project to a “mid-year” approach

Deciding between two couches : You’re deciding between two couches. The first one, from Ikea, costs $800 and will last for 3 years.

Calculate firm net new long-term debt added during year : Calculate the firm's net new long-term debt added during the year.

How long will it take you to pay off the loan : You have an outstanding student loan with required payments of $550 per month for the next four years. How long will it take you to pay off the loan?

Thinking about leasing car : You are thinking about leasing a car. What will be your lease payments for a 36?-month ?lease?

Statute is aimed at preventing inaccurate credit reporting : What federal statute is aimed at preventing inaccurate credit reporting?

Different risk characteristics in and out of portfolio : How can a stock have different risk characteristics in and out of a portfolio?

User Account

All Pages