Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following data for questions 1-12 The balance sheet and income statement shown below are for Byrd Inc, and the data are to be

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Use the following data for questions 1-12 The balance sheet and income statement shown below are for Byrd Inc, and the data are to be used for the following questions. Note that the firm 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 Cash Accts, receivable Inventories Total current assets $ 140.0 880.0 1.320.0 $2,340.0 Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities & equity $ 800.0 600.0 400.0 $1,800.0 1.000.0 $2.800.0 200.0 1.000.0 $1,200.0 $4.000.0 Net plant & equip Total assets 1.660.0 $4.000.0 INCOME STATEMENT Net sales Operating costs Depreciation EBIT Less: Interest EBT Less: Taxes Net income $6,000.0 5,599.8 100.2 $ 300.0 96.0 $ 204.0 81.6 $_1224 OTHER DATA Annual Principal and Lease Payments Shares outstanding (millions) Common dividends (millions) Interest rate on N/P and long-term bonds Federal plus state income tax rate Year-end stock price 0.00 60.00 $42.8 6.0% 40% $30.60 1. What is the firm's EPS? a. $2.04 b. $2.11 C. $2.25 d. $2.39 e. $2.50 2. What is the firm's current ratio? a. 1.10 b. 1.20 C. 1.30 d. 1.40 e. 1.50 3. What is the firm's ROA? a. 2.90% b. 3.06% C. 3.24% 3.41% e. 3.65% 4. What is the firm's ROE? a. 9.45% b. 9.63% 0010 d. 4. What is the firm's ROE? a. 9.45% b. 9.63% C. 9.84% d. 10.20% e. 10.43% 5. What is the firm's EBITDA coverage? a. 3.51 b. 3.69 c. 3.88 d. 4.04 e. 4.17 6. What is the firm's days sales outstanding? a. 49.33 days b. 53.53 days C. 56.96 days d. 57.81 days 59.67 days 7. What is the firm's total assets turnover? a. 1.10 b. 1.20 e. 1.30 7. What is the firm's total assets turnover? a. 1.10 b. 1.20 C. 1.30 d. 1.40 1.50 8. What is the firm's profit margin? a. 2.04% b. 2.16% C. 2.28% d. 2.40% e. 2.52% 9. What is the firm's debt ratio? a. 60.0% b. 65.0% C. 70.0% d. 75.0% e. 80.0% 10. What is the firm's inventory turnover? a. 4.41 b. 4.55 C. 4.69 d. 4.83 e. 4.97 11. What is the firm's DPS? a. $0.31 b. $0.41 $0.51 11. What is the firm's DPS? a. $0.31 b. $0.41 C. $0.51 d. $0.61 e. $0.71 12. What is the firm's book value per share? a. $16.00 $17.00 $18.00 d. $19.00 $20.00 b

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Night Comes To The Cumberlands A Biography Of A Depressed Area

Authors: Harry M. Caudill

1st Edition

1334682070, 978-1334682070

More Books

Students also viewed these Accounting questions

Question

At what point does the LOX QTY ACAWS appear?

Answered: 1 week ago

Question

=+2. What is the difference between brand voice and tone?

Answered: 1 week ago