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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.
Your firm needs a computerized machine tool lathe which costs $58,000 and requires $12,800 in maintenance for each year of its 3-year life. After three years, this machine will be replaced. The machine falls into the MACRS 3-year class life category...
Fee Founders has perpetual preferred stock outstanding that sells for $40.00 a share and pays a dividend of $5.00 at the end of each year. What is the required rate of return?
The Dahlia Company has net income of $165,850. There are currently 31.85 days’ sales in receivables. Total assets are $854,000, total receivables are $147,900, and the debt–equity ratio is .55. What is the company’s profit margin? What is the company..
How long will its supernormal rate of growth last before it levels off to equal the normal rate for a company with its risk?
Here are data on two companies. The T-bill rate is 5.8% and the market risk premium is 8.9%. Company $1 Discount Store Everything $5 Forecast return 16% 15% Standard deviation of returns 28% 30% Beta 1.3 1 What would be the fair return for each compa..
If Chemical Bank is successful in getting Microsoft to convert a $2 million demand deposit to a Eurodollar deposit, how much can Chemical Bank lend out because of this transaction?
The trick here is just to calculate the price as the present value of future cash flows, just like in Chapter 6. Notice that the coupon payments) don't start immediately for one bond. You must adjust the present value equation for an annuity to refle..
Suppose that a health care organization had revenues of $300,000 for March and that the payer mix is as follows: PAYER PERCENT OF PATIENTS PAYMENT LAG Medicare 40 3 months Medicaid 20 3 months Blue Cross 15 2 months Other insurer 15 1 month Self-pay ..
Suppose Powers Ltd. just issued a dividend of $2.49 per share on its common stock. The company paid dividends of $1.99, $2.06, $2.23, and $2.33 per share in the last four years. If the stock currently sells for $68, what is your best estimate of the ..
Value these bonds assuming a market rate on similar risk bonds is 7% and interest is paid annually. Value these bonds assuming a market rate on similar risk bonds is 7% and interest is paid semi-annually.
Trevi Corporation recently reported an EBITDA of $32,000 and $9,500 of net income. The company has $6,600 interest expense, and the corporate tax rate is 35 percent. What was the company’s depreciation and amortization expense?
Wheel Industries is considering a three-year expansion project, Project A. The project requires an initial investment of $1.5 million. The project will use the straight-line depreciation method. The project has no salvage value.
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