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21. Pumpkins Co paid $168 in dividends and $275 in interest last year. The company increased retained earnings by $332 and had accounts payable
21. Pumpkins Co paid $168 in dividends and $275 in interest last year. The company increased retained earnings by $332 and had accounts payable of $642. Sales for the year were $16,405 and depreciation was $736. The tax rate was 20 percent. What was the company's EBIT? 22. Suppose XYZz Co's total asset turnover is 2, its profit margin is 5.1%, its equity multiplier is 1.2, and its payout ratio is 25%. What is its sustainable growth rate? 23. During the past year, a company had cash flow to stockholders, operating cash flow, and net capital spending of $15,254, $35,682, and $15,080, respectively. The net working capital at the beginning of the year was $6,126 and it was $7,280 at the end of the year. What was the company's cash flow to creditors during the year? 24. As a junior financial analyst, you are given the following financial ratios for Wilson Corporation: sales/total assets = 2.00, return on assets (ROA) = 4.00%, and return on equity (ROE) = 6.00%. Your boss wants you to find Wilson's profit margin (PM) and equity multiplier (EM) from these. 25. You deposit $18,500 today. You earn an annual rate of 3.1 percent for 10 years, and then earn an annual rate of 2.5 percent for 13 years. How much will you have in your account in 23 years? 26. You are set to receive an annual payment of $11,800 per year for the next 14 years. Assume the interest rate is 6.7 percent. How much more are the payments worth if they are received at the beginning of the year rather than at the end of the year? 27. On January 1, 2020, a 21-year corporate bond is trading at a yield of 11.00%. It pays a $60 coupon every June 30 and December 31. What is its invoice price per $100 of face value?
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