To fund your dream around-the-worldvacation, you plan to save $1,200 per year for the next 10 years starting one year from now. If you can earn an interest rate of 5.59 percent, how much will you have saved for your vacation?
Lawn Care, Incorporated, has sales of $367,400, costs of $18…
Lawn Care, Incorporated, has sales of $367,400, costs of $183,600, depreciation of $48,600, interest of $39,200, and a tax rate of 21 percent. The firm has total assets of $328,700, long-term debt of $62,400, and current liabilities of $76,300. What is the return on equity?
A firm has $856 in inventory, $1,765 in fixed assets, $681 i…
A firm has $856 in inventory, $1,765 in fixed assets, $681 in accounts receivable, $427 in net working capital, and $237 in cash. What is the amount of current liabilities?
A firm has a debt-total asset ratio of 61 percent and a retu…
A firm has a debt-total asset ratio of 61 percent and a return on total assets of 11.4 percent. What is the return on equity?
One year ago, the Jenkins Family Fun Center deposited $3,900…
One year ago, the Jenkins Family Fun Center deposited $3,900 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $5,700 to this account. They plan on making a final deposit of $7,900 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 8 percent?
The Tumbler has current liabilities of $350,000, a quick rat…
The Tumbler has current liabilities of $350,000, a quick ratio of 1.65, inventory turnover of 4.7, and a current ratio of 2.9. What is the cost of goods sold?
Blitz Corporation had total sales of $2,690,000 last year an…
Blitz Corporation had total sales of $2,690,000 last year and has 98,000 shares of stock outstanding. The benchmark PS is 1.44 times. What stock price would you consider appropriate?
If a firm equates its pro forma sales growth to the rate of…
If a firm equates its pro forma sales growth to the rate of sustainable growth, and has positive net income and excess capacity, then the:
Tellez Finance has current liabilities of $28,000, sales of…
Tellez Finance has current liabilities of $28,000, sales of $156,900, and cost of goods sold of $62,400. The current ratio is 1.22 and the quick ratio is .71. How many days, on average, does it take to sell the inventory?
Galloway, Incorporated, just paid a dividend of $3 per share…
Galloway, Incorporated, just paid a dividend of $3 per share and has announced that it will increase its dividend by $1 per share for each of the next 4 years, and then never pay another dividend. What is the current per share value at a required return of 12.7 percent?