Answered step by step
Verified Expert Solution
Question
1 Approved Answer
. Elmhurst Enterprises showed the following ratios for its most recent operating year: Current Ratio was 1.92, Quick Ratio was .86, and Inventory Turnover was
. Elmhurst Enterprises showed the following ratios for its most recent operating year: Current Ratio was 1.92, Quick Ratio was .86, and Inventory Turnover was 8.4. If the firm's year-end balance sheet showed current liabilities of $2,240,000, the year's sales figure was A. $12,588,800 OB. $1,926,400 OC. $31,068,979 D. $6,227,200 OE. $19,944,960 Cary Car Parts, Inc. has been provided by its lenders and owners with $27,000,000 to purchase assets. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $5,200,000, and net income of $1,820,000. Income tax is paid at a 24% combined state plus federal average annual rate. What was Return on Invested Capital (ROIC) for the year? A. 5.123% B. 19.760% O C. 14.637% D. 6.741% E. 35.000% Crestwood Corporation has been provided by its lenders and owners with $55,500,000 to purchase assets. It costs the company 11% per year, on average, to deliver a fair rate of return to these investors. The most recent year's income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $14,800,000, and the company paid income tax at a 25% combined state plus federal average rate. What was Economic Value Added (EVA) for the year? A. $17,205,000 B. - $2,405,000 C. $5,698,000 OD. $4,995,000 O E. - $7,030,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started