Homework Answers
1) Bubble Tree Inc EPS = $9.8375 per share
2) Bubble Tree Inc retained earnings is $1,5,1,480
3) Grant Inc dividend paid in 2016 is $20,000/-
4) Minnesota Manufacturing BVPS on 12/31/2016 is $7.5 per share
5) When a owner's equity decreases, Cash decreases due to payout
6) When current liabilities increases, cash increases since there are directly proportional
7) Nollaney Corp cash flow from operating activities is $9,000/-
8) Nollaney Corp Net Income is $8,000/-
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Intro Bubble Tree Inc. had a taxable income of $380,000 last year. Its average tax rate...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest The company's average tax rate is 13%. B Attempt 2/10 for 8 pts. Part 1 What is EBIT? Correct v EBIT = Sales - Costs - Depreciation = 160 - 30 - 10 = 120 Part 2 IS- Attempt 4/10 for 6 pts. What is net income? tecime Submit Intro You've collected the folowing information about a company Value 660 Line item Sales Costs...
Intro Pro Build Inc. has had a net income of $16 million in its most recent...
Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3% per year. The firm always pays out 30% of net income as dividends and has 5 million shares of common stock outstanding. The required return is 8%. Attempt 1/1 for 10 pts. Part 1 What is the current stock price? 11+ decimals Submit DA amilala BOND MacBook Pro
Intro LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid...
Intro LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $51 million in dividends, while the addition to retained earnings increased equity by 80%. The average tax rate was 34% and the average interest rate on the company's debt was 6.7%. The payout ratio was 30%. Part 1 What was the profit margin? E Attempt 1/10 for 12 pts. 3+ decimals Submit Attempt 1/10 for...
Intro Sugar Inc. had earnings of $25 milllion in the last 12 months and reinvested 12%...
Intro Sugar Inc. had earnings of $25 milllion in the last 12 months and reinvested 12% of that. Attempt 1/5 for 10 pts. Part 1 How much did the company pay out in dividends (in $ million)? No decimals Submit
Intro National Foods has made its first ever issuance of 40,000 shares with a par value...
Intro National Foods has made its first ever issuance of 40,000 shares with a par value of $2 at $15 each. Its book value of net equity is $320,000. Part 1 Attempt 1/10 for 10 pts. What is the par value of its common stock? 0+ decimals Submit | Attempt 1/10 for 10 pts. Part 2 What is the additional paid-in-capital? 0+ decimals Submit | Attempt 1/10 for 10 pts. Part 3 What is retained earnings? 0+ decimals Submit
Intro NiteLate Inc. had revenue of $164,000 last year, costs of $98,400 and depreciation of $24,600....
Intro NiteLate Inc. had revenue of $164,000 last year, costs of $98,400 and depreciation of $24,600. The company paid 6.1% interest on its debt, and its average tax rate is 0.25. NiteLate paid out $16,400 in dividends, and wants to maintain the same dividend payout ratio in the future. At the beginning of the year, the company had a book value of debt of $48,000 and a book value of equity of $40,000. Over the course of the year, no...
Intro Nollaney Corp. had $43,000 in cash at the end of 2013 and $72,000 at the...
Intro Nollaney Corp. had $43,000 in cash at the end of 2013 and $72,000 at the end of 2014. The firm invested a total of $222,000 in property, plant, and equipment. Total cash flow from financing activities was +$260,000. Attempt 1/10 for 10 pts. Part 1 What was the cash flow from operating activities? No decimals Submit Attempt 1/10 for 10 pts. Part 2 If accounts receivable and inventories increased by $85,000 (total), accounts payable increased by $14.000, and depreciation...
Intro Long Gone Corp. had total operating expenses of $84 million last year, including depreciation, and...
Intro Long Gone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $54 million in dividends, while the addition to retained earnings increased equity by 50%. The average tax rate was 34% and the average interest rate on the company's debt was 6.5%. The payout ratio was 20%. IB Attempt 1/10 for 10 pts. Part 3 What was the equity multiplier? k+ decimals Submit
Intro Ryan Holding's shareholders have provided $4,900,000 of capital to the firm to date by purchasing...
Intro Ryan Holding's shareholders have provided $4,900,000 of capital to the firm to date by purchasing new issues of stock and allowing the company to retain some of its earnings. The firm has 500,000 shares of common stock outstanding, and the current stock price is $28.8. Part 1 IB Attempt 1/10 for 10 pts. How much value has Ryan Holding's management added to shareholder wealth over the years, i.e., what is the company's MVA? No decimals Submit
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total...
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total debt ratio = Debt/Assets (book values): 30% EBIT: $49,000 • Interest rate: 6% • Tax rate: 34% JB Attempt 1/10 for 10 pts. Part 1 What is the firm's expected ROE? 3+ decimals Submit Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 12,000 2,000 6,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and...
Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest The company's average tax rate is 13%. B Attempt 2/10 for 8 pts. Part 1 What is EBIT? Correct v EBIT = Sales - Costs - Depreciation = 160 - 30 - 10 = 120 Part 2 IS- Attempt 4/10 for 6 pts. What is net income? tecime Submit Intro You've collected the folowing information about a company Value 660 Line item Sales Costs...
Intro Pro Build Inc. has had a net income of $16 million in its most recent year. Net income is expected to grow by 3% per year. The firm always pays out 30% of net income as dividends and has 5 million shares of common stock outstanding. The required return is 8%. Attempt 1/1 for 10 pts. Part 1 What is the current stock price? 11+ decimals Submit DA amilala BOND MacBook Pro
Intro LongGone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $51 million in dividends, while the addition to retained earnings increased equity by 80%. The average tax rate was 34% and the average interest rate on the company's debt was 6.7%. The payout ratio was 30%. Part 1 What was the profit margin? E Attempt 1/10 for 12 pts. 3+ decimals Submit Attempt 1/10 for...
Intro Sugar Inc. had earnings of $25 milllion in the last 12 months and reinvested 12% of that. Attempt 1/5 for 10 pts. Part 1 How much did the company pay out in dividends (in $ million)? No decimals Submit
Intro National Foods has made its first ever issuance of 40,000 shares with a par value of $2 at $15 each. Its book value of net equity is $320,000. Part 1 Attempt 1/10 for 10 pts. What is the par value of its common stock? 0+ decimals Submit | Attempt 1/10 for 10 pts. Part 2 What is the additional paid-in-capital? 0+ decimals Submit | Attempt 1/10 for 10 pts. Part 3 What is retained earnings? 0+ decimals Submit
Intro NiteLate Inc. had revenue of $164,000 last year, costs of $98,400 and depreciation of $24,600. The company paid 6.1% interest on its debt, and its average tax rate is 0.25. NiteLate paid out $16,400 in dividends, and wants to maintain the same dividend payout ratio in the future. At the beginning of the year, the company had a book value of debt of $48,000 and a book value of equity of $40,000. Over the course of the year, no...
Intro Nollaney Corp. had $43,000 in cash at the end of 2013 and $72,000 at the end of 2014. The firm invested a total of $222,000 in property, plant, and equipment. Total cash flow from financing activities was +$260,000. Attempt 1/10 for 10 pts. Part 1 What was the cash flow from operating activities? No decimals Submit Attempt 1/10 for 10 pts. Part 2 If accounts receivable and inventories increased by $85,000 (total), accounts payable increased by $14.000, and depreciation...
Intro Long Gone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $54 million in dividends, while the addition to retained earnings increased equity by 50%. The average tax rate was 34% and the average interest rate on the company's debt was 6.5%. The payout ratio was 20%. IB Attempt 1/10 for 10 pts. Part 3 What was the equity multiplier? k+ decimals Submit
Intro Ryan Holding's shareholders have provided $4,900,000 of capital to the firm to date by purchasing new issues of stock and allowing the company to retain some of its earnings. The firm has 500,000 shares of common stock outstanding, and the current stock price is $28.8. Part 1 IB Attempt 1/10 for 10 pts. How much value has Ryan Holding's management added to shareholder wealth over the years, i.e., what is the company's MVA? No decimals Submit
Intro Epson expects the following financial data during the coming year. • Assets: $120,000 • Total debt ratio = Debt/Assets (book values): 30% EBIT: $49,000 • Interest rate: 6% • Tax rate: 34% JB Attempt 1/10 for 10 pts. Part 1 What is the firm's expected ROE? 3+ decimals Submit Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 12,000 2,000 6,000 33,000 53,000 34,000 80,000 114,000 167,000 Liabilities and...
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