Business, 10.03.2020 03:48 fjsdfj1284
Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $14.5 million, gross profit of $9.90 million, EBIT of $7.6 million, net income available to common stockholders of $5.2 million, and common stock dividends of $3.2 million. The 2018 year-end balance sheet listed total assets of $54.5 million and common stockholders' equity of $23.0 million with 2.0 million shares outstanding. Calculate the following:
(a) Profit margin
(b) Gross profit margin
(c) Operating profit margin
(d) Basic earnings power
(e) Return on assets
Answers: 3
Business, 22.06.2019 11:00
Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?
Answers: 1
Business, 22.06.2019 14:20
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
Business, 22.06.2019 19:30
Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
Answers: 3
Business, 23.06.2019 01:30
You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?
Answers: 2
Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $14.5 million, gross profit...
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