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Hi, I need help with my home work please. Attached is the assignment. 1.Gerry Co. has a gross profit of $900,000 and $280,000 in depreciation

Hi, I need help with my home work please. Attached is the assignment.

image text in transcribed 1.Gerry Co. has a gross profit of $900,000 and $280,000 in depreciation expense. Selling and administrative expense is $123,000. Given that the tax rate is 30 percent, compute the cash flow for Gerry Co. $620,000 $627,900 $122,970 $630,400 2.The Bubba Corp. had earnings before taxes of $192,000 and sales of $1,920,000. If it is in the 46% tax bracket its after-tax profit margin is: 7.90% 7.40% 5.40% 8.40% 3.A firm has a debt to asset ratio of 75%, $246,000 in debt, and net income of $53,300. Calculate return on equity. (Do not round intermediate calculations.) 65% 81% 85% 75% 4.ABC Co. has an average collection period of 70 days. Total credit sales for the year were $3,500,000. What is the balance in accounts receivable at year-end? (Use 360 days in a year. Do not round intermediate calculations. Round your answer to the nearest dollar amount.) $690,556 $680,556 $2,450,000 $3,500,000 5.Elgin Battery Manufacturers had sales of $860,000 in 2009 and their cost of goods sold represented 64 percent of sales. Selling and administrative expenses were 7 percent of sales. Depreciation expense was $10,000 and interest expense for the year was $9,000. The firm's tax rate is 25 percent. What is the dollar amount of taxes paid? $57,600 $59,850 $258,200 $230,256 6.A firm has $4,590,000 in its common stock account and $45,900,000 in its paid-in capital account. The firm issued 510,000 shares of common stock. What is the par value of the common stock? $90 per share $8 per share $9 per share $99 per share 7.A firm with earnings per share of $5 and a price-earnings ratio of 20 will have a stock price of $25.00 $100.00 $3.00 the market assigns a stock price independent of EPS and the P/E ratio. 8.Given the following, what is free cash flow? Cash flow from operating activities Capital expenditures Dividends $235,000. $187,000. $225,000. $131,000. $197,000 38,000 28,000 9.The increase in the internationalization of financial markets has led to A. companies searching the global financial markets for low-cost funds. B. an increase in American Depository Receipts (ADRs) on the New York Stock Exchange. C. an increase in debt obligations denominated in foreign currency on U.S. corporate balance sheets. D. All of the options are true. 10.Regarding risk levels, financial managers should A. pursue higher-risk projects because they increase value. B. avoid higher-risk projects because they destroy value. C. focus primarily on market fluctuations. D. evaluate investors' desire for risk. 11.XYZ's receivables turnover is 25 times. The accounts receivable at year-end are $310,000. The average collection period is 120 days. What was the sales figure for the year assuming all sales are on credit? rev: 02_02_2017_QC_CS-77207 $310,000 $112,400 $12,400 $7,750,000 12.A firm's long term assets = $20,000, total assets = $350,000, inventory = $17,000 and current liabilities = $40,000. (Round your answers to 1 decimal place.) current ratio = 8.2; quick ratio = 7.8 current ratio = 10.8; quick ratio = 10.3 current ratio = 13.2; quick ratio = 12.8 current ratio = 18.2; quick ratio = 17.8 13.A firm has total assets of $1,970,000. It has $876,000 in long-term debt. The stockholder's equity is $676,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) 76% 81% 66% None of the items 14.The higher a firm's debt utilization ratios, excluding debt-to-total assets, the less risky the firm's financial position. riskier the firm's financial position. more easily the firm will be able to pay dividends. None of the options 15. Which of the following is a potential problem of utilizing ratio analysis? A. B. C. D. Trends and industry averages are historical in nature. Financial data may be distorted due to price-level changes. Firms within an industry may not use similar accounting methods. All the options 16. Refer to the tables below. Compute Mega frame's after-tax profit margin. A. 5.7% B.13.2% C.15.4% D. 18.9%

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