The following transactions occurred during a recent year: .a Paid wages of $1,700 for the current period (example).
b. Borrowed $8,500 cash from local bank using a short-term note.
c. Purchased $3,400 of equipment on credit.
d. Earned $680 of sales revenue; collected cash.
e. Received $1,360 of utilities services, on credit.
f. Earned $2,870 of service revenue, on credit.
g. Paid $510 cash on account to a supplier.
h. Incurred $115 of travel expenses; paid cash.
i. Earned $680 of service revenue; collected half in cash, with balance on credit.
j. Collected $190 cash from customers on account.
k. Incurred $480 of advertising costs; paid half in cash, with balance on credit.

Required:
Determine the company’s preliminary net income.

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)