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The balanoe sheet and income statement shown below are for Byrd Inc, and the data are to be used for the tollowing questions. Note that
The balanoe sheet and income statement shown below are for Byrd Inc, and the data are to be used for the tollowing questions. Note that the tirm has no amortization charges, it does not lease any assets, and none of its debt must be retired during the next 5 years (notes payable will be rolled over). BALANCE SHEET $140.0 Accounts payable $ 800.0 Accts. receivable 880.0 Notes payable 1.3200 Accruals $2,340.0 Tolal current liatilities $1800.0 1,000.0 $2,800 0 Tolal current assels Long tenm bonds Total deb Common stock Retained earnings 1,0000 $1,200.0 $4,0000 Net plant & equip. 1,660.0 Total common equity $4,0000 Total liabilities & equity Total assets INCOME STATEMENT Net sales Operating costs EBIT $3000 Less laxes Net income S 122.4 OTHER DATA Shares outstanding (millions) Common dividends Interest rate on NP and long-term bonds Federal plus state income tax rate Year-end stock price 60.00 $42.8 6.0% 40% $30.60 Whal is the firTI's ROE? What's the fim's TIE? Select one Select one O 2.82 O b. 2.90 O c. 3.13 O d. 3.30 ? ? 349 O a. 9.45% b. 96396 ? 984% O d. 10.20% O e. 10.43% What is the firm's PIE ratio? What's thc firm's debt ratio? Select one a 100 Ob 12.5 O c. 15.0 Select one: a. 60.0% O b. 65.0% ? ?. 70.0% d 75 0% O e. 80.0% e. 200
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