25.docx
Round 20
#1HOMEWORK #1A (Financial statements)
Scare Train Inc has the following balance sheet statement items current liabilities of $659,544; net fixed and other assets of $1,538,720; total assets of $3,318,290; and long-term debt of $943,548. What is the amount of the firms net working capital
Your Answer
#3 QUIZ
Sweet fruit inc has a $1000 par value bond that is currently selling for $1,280. It has an annual coupon rate of 9.90 percent, paid semiannually, and has 10-years remaining until maturity. What would the annual yield to maturity be on the bond if you purchased the bond today and held it until maturity
Round the answer to two decimal places in percentage form
#6Homework #4G (Bonds Quotes)
Assume that today's date is April 15, 2015. Fresh Bakery Inc. bond is an annual-coupon bond. Par value of the bond is $5,000.
Calculate the bond's current yield.
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box).
|
Company |
Price |
Coupon Rate |
Maturity Date |
YTM |
Current Yield |
Rating |
|
Fresh Bakery |
117.070 |
5.683 |
04-15- 2038 |
- |
? |
AA |
Your Answer:
#4Homework #1C (Operating Cycle and Cash Conversion Cycle ratios)
a) Canadian Bacon Inc. financial statements are presented in the table below.
Based on the information in the table, and using a 365-day year, calculate Average Day’s Purchases.
Round the answers to two decimal places
Balance Sheet December 31, 2012
|
Cash and marketable securities |
$198,000 |
Accounts payable |
$288,000 |
|
Accounts receivable |
$469,000 |
Notes payable |
$65,000 |
|
Inventories |
$577,000 |
Accrued expenses |
$84,000 |
|
Prepaid expenses |
$15,700 |
Total current liabilities |
$437,000 |
|
Total current assets |
$1,259,700 |
Long-term debt |
$237,000 |
|
Gross fixed assets |
$1,954,000 |
Par value and paid-in-capital |
$199,000 |
|
Less: accumulated depreciation |
$476,000 |
Retained Earnings |
$1,864,700 |
|
Net fixed assets |
$1,478,000 |
Common Equity |
2,063,700 |
|
Total assets |
$2,737,700 |
Total liabilities and owner’s equity |
$2,737,700 |
Income Statement, Year of 2012
|
Net sales (all credit) |
$7,546,600.00 |
|
Less: Cost of goods sold |
$6,112,746.00 |
|
Selling and administrative expenses |
$349,000.00 |
|
Depreciation expense |
$145,000.00 |
|
EBIT |
$939,854.00 |
|
Interest expense |
$49,500.00 |
|
Earnings before taxes |
$890,354.00 |
|
Income taxes |
$356,141.60 |
|
Net income |
$534,212.40 |
Your Answer:
|
|
|
|
#5Homework #5E (HPR, Annualized holding period return, Effective annual rate on investment)
John purchased 100 shares of Black Forest Inc. stock at a price of $156.94 three months ago. He sold all stocks today for $158.05. During this period the stock paid dividends of $6.69 per share. What is John’s annualized holding period return (annual percentage rate)?
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)
|
|
|
