Smashed Pumpkins Company paid $88 in dividends and $526 in interest over the past year. The company increased retained earnings by $438 and had accounts payable of $522. Sales for the year were $16,055 and depreciation was $696. The tax rate was 21 percent. What was the company’s EBIT?
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Use the following information to answer this question: Winds…
Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 10,050Cost of goods sold7,950Depreciation370Earnings before interest and taxes$ 1,730Interest paid100Taxable income$ 1,630Taxes342Net income$ 1,288 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 280$ 300Accounts payable$ 1,570$ 1,852Accounts received1,1101,010Long-term debt1,0701,258Inventory1,7801,660Common stock3,3603,030Total$ 3,170$ 2,970Retained earnings650900Net fixed assets3,4804,070 Total assets$ 6,650$ 7,040Total liabilities & equity$ 6,650$ 7,040 Windswept, Incorporated, has 550 million shares of stock outstanding. Its price-earnings ratio for 2024 is 12. What is the market price per share of stock?
Smashed Pumpkins Company paid $112 in dividends and $547 in…
Smashed Pumpkins Company paid $112 in dividends and $547 in interest over the past year. The company increased retained earnings by $456 and had accounts payable of $558. Sales for the year were $16,160 and depreciation was $708. The tax rate was 21 percent. What was the company’s EBIT?
Red Barchetta Company paid $27,590 in dividends and $28,437…
Red Barchetta Company paid $27,590 in dividends and $28,437 in interest over the past year. During the year, net working capital increased from $13,554 to $18,269. The company purchased $42,220 in fixed assets and had a depreciation expense of $16,895. During the year, the company issued $25,050 in new equity and paid off $21,070 in long-term debt. What was the company’s cash flow from assets?
You have a credit card with a balance of $15,100 and an APR…
You have a credit card with a balance of $15,100 and an APR of 18.5 percent compounded monthly. You have been making payments of $285 per month, but you have received a substantial raise and will increase your monthly payments to $360 per month. How many months quicker will you be able to pay off the account?
During the past year, a company had cash flow to stockholder…
During the past year, a company had cash flow to stockholders, an operating cash flow, and net capital spending of $14,576, $33,318, and $13,040, respectively. The net working capital at the beginning of the year was $5,604 and it was $6,380 at the end of the year. What was the company’s cash flow to creditors during the year?
Todd can afford to pay $380 per month for the next 5 years i…
Todd can afford to pay $380 per month for the next 5 years in order to purchase a new car. The interest rate is 6.6 percent compounded monthly. What is the most he can afford to pay for a new car today?
In five sentences or less, describe the mature organism mode…
In five sentences or less, describe the mature organism model in patient-friendly terms.
During the evaluation process, you appreciate trigger points…
During the evaluation process, you appreciate trigger points in the patient’s levator scapula. Based on the literature, what is the most appropriate duration to apply sustained ischemic pressure?
Based on the American College of Sports Medicine preparticip…
Based on the American College of Sports Medicine preparticipation screening algorithm, what is the most appropriate first question to ask to determine whether medical clearance is indicated?