Balance Sheet Current assets Cash 820,000 Acc receivable not given Inventories 1,090,000 Fixed assets 3,400,000 TOTAL ASSETS 6,800,000 Current liabilities Acc payable not given Long-term debt 2,000,000 Common stock 950,000 Retained earnings 3,390,000 TOTAL LIAB and EQUITY 6,800,000 Income Statement Sales 20,400,000 Operating expense 16,120,000 EBIT 4,280,000 Interest expense 280,000 EBT 4,000,000 Taxes 1,600,000 Net income 2,400,000 What is the firm's debt ratio

Miller mfg. is analyzing a proposed project. the company expects to sell 8,000 units, plus or minus 2 percent. the expected variable cost per unit is $11 and the expected fixed costs are $287,000. the fixed and variable cost estimates are considered accurate within a plus or minus 5 percent range. the depreciation expense is $68,000. the tax rate is 32 percent. the sales price is estimated at $64 a unit, plus or minus 3 percent. what is the earnings before interest and taxes under the base case scenario?

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)