Smashed Pumpkins Company paid $208 in dividends and $631 in interest over the past year. The company increased retained earnings by $528 and had accounts payable of $702. Sales for the year were $16,580 and depreciation was $756. The tax rate was 21 percent. What was the company’s EBIT?
Blog
You have just started a new job and plan to save $4,700 per…
You have just started a new job and plan to save $4,700 per year for 44 years until you retire. You will make your first deposit in one year. How much will you have when you retire if you earn an annual interest rate of 10.24 percent?
You need to have $31,250 in 14 years. You can earn an annual…
You need to have $31,250 in 14 years. You can earn an annual interest rate of 4 percent for the first 4 years, 4.6 percent for the next 3 years, and 5.3 percent for the final 7 years. How much do you have to deposit today? (Assume annual compounding.)
The winner of the first annual Tom Morris Golf Invitational…
The winner of the first annual Tom Morris Golf Invitational won $110 in the competition which was held in 1900. In 2015, the winner received $1,470,000. If the winner’s purse continues to increase at the same interest rate, how much will the winner receive in 2051? (Assume annual compounding.)
Your firm has net income of $387 on total sales of $1,360. C…
Your firm has net income of $387 on total sales of $1,360. Costs are $750 and depreciation is $120. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?
Red Barchetta Company paid $28,400 in dividends and $29,571…
Red Barchetta Company paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719. The company purchased $44,200 in fixed assets and had a depreciation expense of $17,705. During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What was the company’s cash flow from assets?
Your firm has net income of $387 on total sales of $1,360. C…
Your firm has net income of $387 on total sales of $1,360. Costs are $750 and depreciation is $120. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?
During the past year, a company had cash flow to creditors,…
During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $29,348, $65,239, and $26,720, respectively. The net working capital at the beginning of the year was $11,395 and it was $13,000 at the end of the year. What was the company’s cash flow to stockholders during the year?
Which one of the following questions is a working capital ma…
Which one of the following questions is a working capital management decision?
The winner of the first annual Tom Morris Golf Invitational…
The winner of the first annual Tom Morris Golf Invitational won $110 in the competition which was held in 1900. In 2015, the winner received $1,470,000. If the winner’s purse continues to increase at the same interest rate, how much will the winner receive in 2051? (Assume annual compounding.)