Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 275,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances using only debt and common equity, and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations. O a. 54.768,156 O b. $4.571,531 O c $5.358,031 O d. 55,013,938 O e. $4,915,625 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2019 Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity $4,200 17,500 20,300 $42,000 $28,000 O $70,000 O Accounts payable Accruals Notes payable Total current liabilities O $27,531 12,369 5,000 $44.900 Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $9,000 $53,900 $3.864 12236 $16,100 $70,000 Income Statement (Millions of $) 2019 Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income $112,000 104,160 2,240 $5,600 840 $4,760 1,190 $3,570 Other data: Shares outstanding (millions) Common dividends (millions of $) Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 500.00 $1249.50 6% 25% $68.54 Refer to Exhibit 4.1. What is the firm's return on invested capital? a 13.95% b. 10.49% O c. 11.50% d. 12.28% e. 9.38% Question 7 of 20 Hartrell Inc. had the following data for 2018, in millions: Net income = $600; after-tax operating income (EBIT (1-T)) - $700; and Total assets - $2,000. Information for 2019 is as follows: Net income - $825; after-tax operating income (EBIT (1-T)] - $825; and Total assets - $2,500. Assume the firm had no excess cash. How much free cash flow did the firm generate during 2019? O a. 5286 O b. $367 O c $257 O d. 5325 O e. 5397 Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $425,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments. Assume all sales to be on credit. Do not round your intermediate calculations. a. 6.73 b. 6.53 O c.8.10 O d.6.20 O e.5.16 ON During 2019, Bascom Bakery paid out $33.525 of common dividends. It ended the year with $187.500 of retained earnings versus the prior year's retained earnings of $159,600. How much net income did the firm earn during the year? O a. $49,140 b. $63,882 O c. 561,425 6 OOO O d. 547,297 e. 555,897 C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have? Sales $3,200.00 Costs 1,850.00 Depreciation 192.00 EBIT $1,158.00 Interest expense 285.00 EBT $873.00 Taxes (25%) 218.25 Net income $654.75 O a. $900.25 O b. $835,43 O C. $583.36 d. $868.50 O e. $821.03
