If X-Co has sales of $169, direct expense of $102, SG&A of $31, interest expense of $8 and taxes of $7, what is X-Cos net margin? **

A) Which company is more efficient: X-Co with $200 million of total assets and sales of $300 million or Y-Co with $200 million of total assets and sales of $340 million? B) Prove your answer is correct.

X-Co is offering a unique perpetual bond that will pay $34.50 next year, and the $34.50 will grow at 1.0%/year in the future. If the market rate is 4.25%/year, what is its current market price?

The Cash Flow Statement adds depreciation to net income to determine cash flow from operations. In a few words, why?

A) Draw a timeline for a bullet bond, face value of $1,000, with 2 years remaining to maturity that pays a coupon rate of 3%/year semi-annually. B) What is its market price if its market rate is 5%?