Question
1) Consider a firm with the following financial numbers: $1,307 sales (revenue), $265 cost of goods sold, $102 administrative expense, $195 depreciation expense, $127 interest
1) Consider a firm with the following financial numbers: $1,307 sales (revenue), $265 cost of goods sold, $102 administrative expense, $195 depreciation expense, $127 interest expense, $5 dividends, and a tax rate of 26%. There are 14179 outstanding shares. What is the Profit Margin? (answer with at least two decimal points, and not as a percent, e.g., "0.34") [Note: You may not need every provided number.]
2) If a firm has a current ratio equal to 1.2 and current assets equal to $1,513 million, what is its value of current liabilities? (answer in millions of dollars, e.g. "232.52" is $232.52 million)
3) Consider a firm with the following financial numbers: $1,893 sales (revenue), $389 cost of goods sold, $148 administrative expense, $123 depreciation expense, $148 interest expense, $5 dividends, and a tax rate of 39%. There are 1140 outstanding shares. What is the Times Interest Earned Ratio? (answer with at least two decimal points, and not as a percent, e.g., "2.34") [Note: You may not need every provided number.]
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