Reference no: EM131052277
Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm’s the operating profit margin. Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box). Balance Sheet December 31, 2010
Cash and marketable securities $102,000
Accounts payable $287,000
Accounts receivable $299,000
Notes payable $61,200
Inventories $628,000
Accrued expenses $51,900
Prepaid expenses $10,300
Total current liabilities $400,100
Total current assets $1,039,300
Long-term debt $415,000
Gross fixed assets $1,502,000
Par value and paid-in-capital $376,000
Less: accumulated depreciation$312,000
Retained Earnings $1,038,200
Net fixed assets $1,190,000
Common Equity 1,414,200
Total assets $2,229,300
Total liabilities and owner’s equity $2,229,300
Income statement, Year of 2010
Net sales (all credit) $6,387,700.00
Less: Cost of goods sold $4,726,898.00
Selling and administrative expenses $345,000.00
Depreciation expense $148,000.00
EBIT $1,167,802.00
Interest expense $50,600.00
Earnings before taxes $1,117,202.00
Income taxes $446,880.80
Net income $670,321.20
What is the net cash flow of the project
: Cochrane, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,430,000. The fixed asset falls into the three-year MACRS class (MACRS Table). The project is estimated to generate $2,260,000 in a..
|
Entire balance in her account to invest in investment
: Beverly Hills started a paper route on January 1, 2009. Every three months, she deposits $550 in her bank account, which earns 8 percent annually but is compounded quarterly. How much will she have on December 31, 2015? Use Appendix A and Appendix C ..
|
What were the other administrative expenses
: The New Fund had average daily assets of $2.6 billion in the past year. New Fund’s expense ratio was 1.5% and the management fee was 1.0%. What were the total fees paid to the fund’s investment managers during the year? What were the other administra..
|
Common stock valuation problem
: COMMON STOCK VALUATION PROBLEM The Fast-Growth Company recently paid a dividend of $3.20 per share. Analysts expect the dividend to grow at the rate of 28% per year for 3 years, then by 16% for 3 more years, before converging to the industry median g..
|
Calculate the firms the operating profit margin
: Canadian Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm’s the operating profit margin. Round the answers to two decimal places in percentage form. (Write the percentage sign..
|
Long term certificate of deposit
: You need $28.974 at the end of 10 years, and your only investment outlet is an 8% long term certificate of deposit (compounded annually). With the certificate of deposit, you make an initial investment at the beginning of the first year. What single ..
|
What is the percentage increase in the value of stock
: Trivia soft is currently unlevered tc=40% the board has approved b/s ratio of 400%. Proceeds of new debt will be used to buy back stock. Tax savings will increase the value of stock. What is the percentage increase in the value of stock?
|
Explain the methodology for designating a G-SIB
: Explain the methodology for designating a G-SIB and the policy consequences of becoming a SIFI bank. Explain the methodology for designating a G-SII and the policy consequences of becoming a SIFI insurer
|
Option for financing is to call in the outstanding bonds
: Another option for financing is to call in the outstanding bonds you have issued and obtain a loan with more favorable terms than the bonds you would issue. Presently, the company has a 6% coupon bond that matures in 11 years.
|