Consider an 18,000 SF shopping center where all tenants pay…

Consider an 18,000 SF shopping center where all tenants pay $20 per square foot, triple-net. Ignore the general vacancy allowance, and assume that reimbursable operating expenses are $90,000 and non-reimbursable operating expenses are only a management fee that is 3.5% of PGI. What is the approximate value of this property at an 8% cap rate?

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 $28,200.  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.

Byron Books Inc. recently reported $13 million of net income…

Byron Books Inc. recently reported $13 million of net income.  Its EBIT was $20,225,000, and its tax rate was 35%.  What was its interest expense? Your answer should be between 140,000 and 725,000, rounded to even dollars (although decimal places are okay), with no special characters.