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I need help with the following problems and please show yourwork. Thank you! Chapter 2, problem 2 Chapter 2, problem 4 Chapter 2, problem 5
I need help with the following problems and please show yourwork. Thank you!
Chapter 2, problem 2 Chapter 2, problem 4 Chapter 2, problem 5 Chapter 3, problem 2Chapter 3, problem 6 UNIT 1: TEXTBOOK PROBLEMS CHAPTER 2: PROBLEM 1 Current Assets Net Fixed Assets Current Liabilities Long-Term Debt $7,300 $26,200 $5,700 $12,900 Shareholder Equity = Net Working Capital = CHAPTER 2: PROBLEM 2 Sales Costs Depreciation Expense EBIT Interest Expense EBT Taxes @ 35% Net Income = Cash Dividends Addition to Retained Earnings = Tax Rate = Income Statement $675,300 $297,800 $45,100 $20,700 $62,000 35% CHAPTER 2: PROBLEM 4 Taxable Income $315,000 Table 2.3 Income Taxes = Average Tax Rate = Marginal Tax Rate = Taxable Income Taxable Income (cont) Tax Rate 0 50,001 75,001 100,001 335,001 10,000,001 15,000,001 18,333,334 50,000 75,000 100,000 335,000 10,000,000 15,000,000 18,333,333 + 15% 25% 34% 39% 34% 35% 38% 35% (Note: No formula needed. Just inpu CHAPTER 2: PROBLEM 5 Sales Costs Depreciation Expense EBIT Interest Expense EBT Taxes @ 40% Net Income Tax Rate $29,200 $10,400 $1,800 $1,050 40% Operating Cash Flow = CHAPTER 3: PROBLEM 2 Debt/Equity Ratio Return on Assets Total Equity 0.65 9.80% $850,000 Equity Multiplier = Return on Equity = Net Income = CHAPTER 3: PROBLEM 6 ROE Payout Ratio Retention Ratio Sustainable Growth Rate = 16% 25% (Note: You must calculate the retent te: No formula needed. Just input the correct rate from the Tax Rate column.) te: You must calculate the retention ratio first then the sustainable growth rate.)Step by Step Solution
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