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Question 3: Keebler Corp. had the following results for the past year: sales $222,000; depreciation expense $48,800; accounts receivable $8,400; dividends paid $5,300; cost of
Question 3: Keebler Corp. had the following results for the past year: sales $222,000; depreciation expense $48,800; accounts receivable $8,400; dividends paid $5,300; cost of goods sold $124,000; and accounts payable $2,100. What was the net income for the past year if the firm faces a tax rate of 40%? (1 Point) $6,180 $26,340 $29.520 $30.730 $34,440 Question 4: You have a $50,000 twenty year growing annuity earning 8% interest compounded annually. Calculate its present value if this annuity has a 2% growth rate. (1 Point) $425,745 $567,661 $670,843 $772,176 None of the above is correct. Question 5: (1 Point) One year ago, Icy Blue Corporation issued 15 year 3% annual coupon bonds with a $1,000 face value cach. If the yield to maturity is now 5%, what is the price of the bonds today? $639.17 $792.41 $802.03 $898.94 $1,000.00
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