Red Barchetta Company paid $27,950 in dividends and $28,941 in interest over the past year. During the year, net working capital increased from $13,746 to $18,469. The company purchased $43,100 in fixed assets and had a depreciation expense of $17,255. During the year, the company issued $25,250 in new equity and paid off $21,350 in long-term debt. What was the company’s cash flow from assets?
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Use the following information to answer this question: Winds…
Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,750Cost of goods sold7,800Depreciation355Earnings before interest and taxes$ 1,595Interest paid94Taxable income$ 1,501Taxes315Net income$ 1,186 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 250$ 270Accounts payable$ 1,480$ 1,732Accounts received1,050950Long-term debt1,0401,228Inventory1,7201,630Common stock3,3003,000Total$ 3,020$ 2,850Retained earnings620870Net fixed assets3,4203,980 Total assets$ 6,440$ 6,830Total liabilities & equity$ 6,440$ 6,830 Windswept, Incorporated, has 520 million shares of stock outstanding. Its price-earnings ratio for 2024 is 20. What is the market price per share of stock?
You made an investment of $8,000 into an account that paid y…
You made an investment of $8,000 into an account that paid you an annual interest rate of 3.1 percent for the first 5 years and 7.5 percent for the next 10 years. What was your annual rate of return over the entire 15 years? (Assume annual compounding.)
You want to retire exactly 40 years from today with $2,030,0…
You want to retire exactly 40 years from today with $2,030,000 in your retirement account. If you think you can earn an interest rate of 10.39 percent compounded monthly, how much must you deposit each month to fund your retirement?
Smashed Pumpkins Company paid $88 in dividends and $526 in i…
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 $696. The tax rate was 21 percent. What was the company’s EBIT?
Use the following information to answer this question: Winds…
Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ 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?