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Question: The 2015 income statement for Duffy's Pest Control shows that depreciation expense was $200 million, EBIT was $510 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,580 million and net operating working capital was $420 million. At the end of the year, gross fixed assets was $1,830 million. Duffy's free cash flow for the year was $423 million.
Calculate the end-of-year balance for net operating working capital. (Enter your answer in millions of dollars rounded to 1 decimal place.)
Net operating working capital $ ________ m
Calculating Cash Flows. Titan Football Manufacturing had the following operating results for 2016: sales = $28,476; cost of goods sold = $20,136.
Explain what features of accounting, if any, would make it costly for dishonest managers to make the same changes without any corresponding economic changes
Jones. who has a federal personal income tax rate of 28 percent, holds an on stock that appreciates in value by 10 percent each year He bought the stock one.
In an economy the supply curve of labor, S, is given by S = -100 + 200wn.
Flotation costs for an issue this size amount to 5 percent of the total amount of preferred stock sold. These costs are deducted from gross proceeds in determining the net proceeds to the company. (Ignore any tax considerations.)
Set up the amortization schedule for a five-year, $1 million, 9 percent loan that requires equal annual end-of-year principal payments plus interest on the unamortized loan balance. What is the effective interest cost of this loan?
The British bank Barclays has developed an exchange-traded note that pays off the Barclays Capital Intelligent Carry Index. Look up information on this index on the Web. Explain why you like or dislike Barclays's strategy.
Calculate the following ratios AND interpret the result against the industry average: Give your interpretation of what the ratios calculations show and how the business can use this information to improve its performance. Justify all answers.
Develop a three- to four-page analysis (excluding the title and reference pages) on the projected return on investment for your college education and projected future employment. This analysis will consist of two parts:
In 1895, the first U.S. Open Golf Championship was held. The winner's prize money was $150. In 2006, the winner's check was $1,225,000. What was the annual percentage increase in the winner's check over this period? If the winner's prize increases..
Consider the monthly returns for Ford and General Motors stock given below. Were there advantages to diversifying between these two stocks? Explain.
Suppose you cannot make the mortgage payment and you are in danger of losing your house to foreclosure. The bank has offered to renegotiate your loan. The bank expects to get $150,000 for the house if it forecloses. They will lower your payment as lo..
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