Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are given the following information for Western, Inc. Assume the company has no short-term debt. Also assume that all asset turnover, profit margin, and

image text in transcribed

image text in transcribed

You are given the following information for Western, Inc. Assume the company has no short-term debt. Also assume that all asset turnover, profit margin, and dividend payout ratios remain constant. (Hint: First prepare income statement working backwards from the bottom to find EBIT.) What is the company's return on invested capital (ROIC)? A. 21.04% B. 19.43% C. 18.11% D. 17.01% E. 16.08% F. 15.28% G. 14.59% H. 13.98% Last year, BFA Corporation had net sales of $3,850,000 and cost of goods sold of $2,000,000. Its depreciation charge was $600,000 and selling, general, and administrative (SG\&A) expense was $800,000. If the interest charge was $30,000 and the tax rate is 35 percent, what was the operating cash flow? Ignore any carry back or carry forward of loss for tax purposes. A. $675,500 B. $708,000 C. $740,500 D. $773,000 E. $805,500 F. $838,000 G. $870,500 H. $903,000 QUESTION 3 You invest $7,000 into a savings account that pays an annual interest rate of 12.00%. How much would you have in your account after 12 years? A. $20,549 B. $24,010 C. $27,272 D. $30,343 E. $33,231 F. $35,942 G. $38,483 Click Save and Submit to save and submit. Click Save All Answers to save all answers

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

Survey of Accounting

Authors: Carl S Warren

6th edition

978-113318912, 1133189121, 978-1133189121

More Books

Students also viewed these Accounting questions