Houston Pumps recently reported net income of $600,000, and an interest expense of $252,000. The company has total invested capital employed of $7.2 million, a tax rate of 40%, and an after-tax cost of capital of 10%. What is the company’s EVA? Your answer should be between 9200 and 37500, rounded to even dollars (although decimal places are okay), with no special characters.
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Valero Energy’s balance sheet showed total current assets of…
Valero Energy’s balance sheet showed total current assets of $3,000, all of which were required in operations (i.e., no excess cash). Its current liabilities consisted of $845 of accounts payable, $600 of 6% short-term notes payable to the bank, and $250 of accrued wages and taxes. What was its net operating working capital (NOWC)? Your answer should be between 1672 and 2027, rounded to even dollars (although decimal places are okay), with no special characters.
The balance sheet of Colton Corporation shows long-term debt…
The balance sheet of Colton Corporation shows long-term debt of $50 million and shareholder equity of $50 million, while their income statement shows EBIT of $17.5 million and interest expenses of $5 million. If Colton has a tax bracket of 40%, what is their return on equity (ROE)? Your answer should be between 8.94 and 17.46, rounded to 2 decimal places, with no special characters.
How many milliliters of 0.200 M FeCl3 are needed to react wi…
How many milliliters of 0.200 M FeCl3 are needed to react with an excess of Li2S to produce 0.345 g of Fe2S3 if the percent yield for the reaction is 65.0%? 3 Li2S(aq) + 2 FeCl3(aq) → Fe2S3(s) + 6 LiCl(aq)
Last year, Atlantic Richfield had sales of $325,000 and a ne…
Last year, Atlantic Richfield had sales of $325,000 and a net income of $26,200. The firm finances using only debt and common equity, and total assets equal total invested capital. Year-end assets were $250,000, and the firm’s debt ratio (total-debt-to-total-capital ratio) was 15%. What was their ROE? Your answer should be between 7.12 and 15.40, rounded to 2 decimal places, with no special characters.
Kobe Capital Corp. recently reported $19,500 of sales, $7,70…
Kobe Capital Corp. recently reported $19,500 of sales, $7,700 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its income tax rate was 40%. How much was the firm’s earnings before taxes (EBT)? Your answer should be between 8505 and 10280, rounded to even dollars (although decimal places are okay), with no special characters.
Altus Minerals recently reported $2,850 of sales, $1,310 of…
Altus Minerals recently reported $2,850 of sales, $1,310 of operating costs other than depreciation, and $250 of depreciation. The company also has an interest expense of $70 and a tax rate of 40%. How much after-tax operating income (NOPAT) does the firm have? Your answer should be between 670 and 885, rounded to even dollars (although decimal places are okay), with no special characters.
Last year, Crystal Rock Holdings reported $510,000 of sales,…
Last year, Crystal Rock Holdings reported $510,000 of sales, $262,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $600,000 of bonds outstanding that carry a 6.8% interest rate, and its income tax rate was 40%. What was the firm’s times-interest-earned (TIE) ratio? Your answer should be between 4.20 and 7.12, rounded to 2 decimal places, with no special characters.
A 66-year-old male presents to the clinic with an elevated t…
A 66-year-old male presents to the clinic with an elevated temperature, productive cough, occasional chills. Chest x-ray reveals upper lobe involvement. The patient coughs into a tissue and the NP notes the sputum looks like “currant jelly”. The patient has a history of hypertension, alcohol abuse, and smoking. Which organism is most likely to be found in the gram-stained sputum smear?
The NP treats a patient for a recurrent acute gout attack. O…
The NP treats a patient for a recurrent acute gout attack. On follow-up visit, the patient’s symptoms have resolved. Uric acid levels are drawn for the first time and levels are 11.0 mg/dL. The NP prescribes: