Question
1- Hammett, Inc., has sales of $19,720, costs of $9,310, depreciation expense of $1,980, and interest expense of $1,470. Assume the tax rate is 40
1- Hammett, Inc., has sales of $19,720, costs of $9,310, depreciation expense of $1,980, and interest expense of $1,470. Assume the tax rate is 40 percent. (Enter your answer as directed, but do not round intermediate calculations.)
Required:What is the operating cash flow?
2. The December 31, 2013, balance sheet of Marias Tennis Shop, Inc., showed current assets of $1,025 and current liabilities of $875. The December 31, 2014, balance sheet showed current assets of $1,240 and current liabilities of $915. (Enter your answer as directed, but do not round intermediate calculations.)
Required:What was the companys change in net working capital during 2014?
Change in net working capital $
3. Jiminy Cricket Removal has a profit margin of 10 percent, total asset turnover of 1.10, and ROE of 14.36 percent.
Required: What is this firms equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Equity multiplier times
What is this firms debt-equity ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Debt-equity ratio times
4. Martinez, Inc., has a total debt ratio of 0.48, total debt of $331,000, and net income of $42,250.
Required: What is the companys total assets? (Do not round intermediate calculations.Round your answer to the nearest whole number (e.g., 32).)
Total assets $
What is the companys total equity? (Do not round intermediate calculations. Round your answer to the nearest whole number (e.g., 32).)
Total equity $
What is the companys return on equity? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Return on equity
%
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