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At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and longterm debt of $6000. Corresponding entries for 2003 are $1600,$2000, and
At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and longterm debt of $6000. Corresponding entries for 2003 are $1600,$2000, and $6000. Asset values are below. During 2003, Yung.com had sales of $5000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21%, and all taxes are paid currently. The company has 100 shares of common stock outstanding with a stock price of $15 at the end of 2003. Total dividends paid is $120 in 2003. In 2003, the Market-value-to-Book-value ratio is % At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and longterm debt of $6000. Corresponding entries for 2003 are $1600,$2000, and $6000. Asset values are below. During 2003, Yung.com had sales of $5000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21%, and all taxes are paid currently. The company has 100 shares of common stock outstanding with a stock price of $15 at the end of 2003. Total dividends paid is $120 in 2003. In 2003, the Market-value-to-Book-value ratio is %
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