Fin help on Problems please due in a few hours.

Sigchi4life
Category:
Business & Finance
Price: $25 USD

Question description


I would need this by 5pm eastern time TODAY that is 3 hours from now if you can please I need to take with me to class

Due today
can you have done in a couple hours also if you could show work this is a must
to show every detail of the how you got the answer. Thank you

 

1. 
Vigo Vacations has an equity multiplier of 2.9. The
company's assets are financed with some combination of long-term debt and
common equity. What is the company's debt ratio? Round your answer to two
decimal places.

%



 

Current
and Quick Ratio

2.
Ace Industries has current assets equal to $4 million. The company's current
ratio is 2.5, and its quick ratio is 2.0. 
 

  1. What is the firm's level
         of current liabilities?

         $ 
         million
     
  2. What is the firm's level
         of inventories?

         $ 
         million

3. 
Balance
Sheet Analysis

Complete
the balance sheet and sales information in the table that follows for
Hoffmeister Industries using the following financial data

 

Debt
ratio: 55%

Quick ratio: 0.95

Total assets turnover: 2.8

Days sales outstanding: 31 days*

Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 26%

Inventory turnover ratio: 5.0

* Calculation is based on a 365-day year.

 

Round
your answers to the nearest whole dollar.

 

Balance
Sheet


 

Cash


 

 


 

 

Accounts
  payable


 

 


 

 

Accounts
  receivable


 

 


 

 

Long-term
  debt


 

 

$ 60,000
 


 

 

Inventories


 

 


 

 

Common stock


 

 


 

 

Fixed assets


 

 


 

 

Retained
  earnings


 

 

$ 97,500
 


 

 

Total assets


 

 

$ 300,000


 

 

Total
  liabilities and equity


 

 


 

 

Sales


 

 


 

 

Cost of goods
  sold


 

 


 


 

4. 
Personal
After-Tax Yield

Corporate
bonds issued by Johnson Corporation currently yield 8.5%. Municipal bonds of
equal risk currently yield 6.5%. At what tax rate would an investor be
indifferent between these two bonds? Round your answer to two decimal places.

%

5. 
Income
statement

Little
Books Inc. recently reported $3 million of net income. Its EBIT was $6.5
million, and its tax rate was 40%. What was its interest expense? (Hint:
Write out the headings for an income statement and then fill in the known
values. Then divide $3 million net income by (1 - T) = 0.6 to find the pre-tax
income. The difference between EBIT and taxable income must be the interest expense.
Use this same procedure to work some of the other problems.) Round your answer
to the nearest whole dollar and enter your answer as a dollar amount.

 

 

6. 
Net
Cash Flow

Kendall
Corners Inc. recently reported net income of $2.1 million and depreciation of
$357,000. What was its net cash flow? Assume it had no amortization expense.

 

$

 

 

 


8.Corporate After-Tax Yield


The
Shrieves Corporation has $10,000 that it plans to invest in marketable
securities. It is choosing among AT&T bonds, which yield 8.5%, state of
Florida muni bonds, which yield 4% (but are not taxable), and AT&T
preferred stock, with a dividend yield of 7%. Shrieves's corporate tax rate is
35%, and 70% of the dividends received are tax exempt. Find the after-tax rates
of return on all three securities. Round your answers to two decimal places.

 


 

A-T rate of
  return on AT&T bond


 

 

%


 

 

A-T rate of
  return on Florida muni bonds


 

 

%


 

 

A-T rate of
  return on AT&T preferred stock


 

 

%


 

 
 
 

 



 
 

 


 

Tutor Answer

(Top Tutor) Daniel C.
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School: Boston College
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