subject
Business, 09.10.2019 16:20 emma2827

Exhibit 4.1 the balance sheet and income statement shown below are for koski inc. note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. balance sheet (millions of $) assets 2018 cash and securities $3,000 accounts receivable 15,000 inventories 18,000 total current assets $36,000 net plant and equipment $24,000 total assets $60,000 liabilities and equity accounts payable $18,630 accruals 8,370 notes payable 6,000 total current liabilities $33,000 long-term bonds $9,000 total liabilities $42,000 common stock $5,040 retained earnings 12,960 total common equity $18,000 total liabilities and equity $60,000 income statement (millions of $) 2018 net sales $84,000 operating costs except depreciation 78,120 depreciation 1,680 earnings before interest and taxes (ebit) $4,200 less interest 900 earnings before taxes (ebt) $3,300 taxes 1,320 net income $1,980 other data: shares outstanding (millions) 500.00 common dividends (millions of $) $693.00 int rate on notes payable & l-t bonds 6% federal plus state income tax rate 40% year-end stock price $47.52 refer to exhibit 4.1. what is the firm's profit margin? do not round your intermediate calculations.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:50
Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing
Answers: 1
question
Business, 22.06.2019 11:10
Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.
Answers: 1
question
Business, 22.06.2019 17:50
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
Answers: 1
question
Business, 22.06.2019 22:40
Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.
Answers: 3
You know the right answer?
Exhibit 4.1 the balance sheet and income statement shown below are for koski inc. note that the firm...
Questions
Questions on the website: 13722367