In 2021, Noble Tech Inc. reported that the company's Return on Assets (ROA) was 10%, and its net profit margin was 6%. Calculate the company's total asset turnover (round your answer to two decimal places).
Q: Raiders Restaurant is considering the purchase of a $10,000,000 flat - top grill. The grill has an…
A: Npv is also known as Net present value. It is a capital budgeting technique which helps in decision…
Q: A bank which starts with ALL of $1.48 million at the beginning the year, charges off worthless loans…
A: ALL at beginning of year = $1.48 millionCharging off worthless loans =$0.94 millionRecovery = $0.12…
Q: Assume Gillette Corporation will pay an annual dividend of $0.69 one year from now. Analysts expect…
A: In the given case, we have provided the annual dividend and the expected growth rate of dividend…
Q: Interest expense for Rhodes Manufacturing was $500,000 in 2018. During 2018, $3.7 million in old…
A: Cash flows to bond holders will be interest paid, debt repaid and new debt raised. Cash flows to…
Q: You are CEO of Rivet Networks, maker of ultra-high performance network cards for gaming computers,…
A: Initial cost= $893,0001st year revenue= $807,0002nd year revenue= $1,420,000Revenue declined by 45%…
Q: Please give solution in correct and step by step format thanku Don't give solution in image…
A: Payback period is a capital budgeting tehnique used for making investment decisions.Payback period…
Q: bonds carry a 6% semi-annually, and currently sell for $1081. First, compute the yield to maturity…
A: The yield to maturity is the annual return that a bond holder would receive if they held the bond…
Q: Beryl's Iced Tea currently rents a bottling machine for $54,000 per year, including all maintenance…
A: Capital budgeting is a method that involves looking at the cash flows into and out of a project to…
Q: You are going to save money for your son’s education. You have decided to place $4,146 every half…
A: Variables in the question:Deposit (PMT)=$4146Rate=9.51% p.a.Semi-annual rate==4.755%N=3 yearsnper=3…
Q: sume that you have a balance of $4200 on your Discover credit card and that you make no more…
A: Credit cards are based on monthly payments and there is settlement on every month of card.
Q: A steel manufacturer has bought 100,000 futures contracts with maturity in 4 years with rollover…
A: Margin call can be referred to as the amount of brokerage account that will be asked by the broker…
Q: What is the market price of a share of stock for a firm with 100,000 shares $3,000,000, and a…
A: The market price of share affected by many type of factors. Market to book ratio States the total…
Q: Ann buys a $550 savings bond which pays 1% simple interest. Explaining each line of your work, show…
A: Simple interest is computed only on the principal amount. Unlike compound interest it does not take…
Q: Assume Evco, Inc. has a current stock price of $46.67 and will pay a $2.10 dividend in one year; its…
A: Current Price of Stock = p0 = $46.67Dividend for Year 1 = d1 = $2.10Cost of Equity = r = 12%
Q: You have found your dream house. The selling price is 120,000. You will put $20,000 down and obtain…
A: Monthly payment on a mortgage refers to the amount repaid for the mortgage. This monthly payment…
Q: A family decides they want to spend no more than $203,410.19. $1,200 on their monthly mortgage…
A: The present value of monthly mortgage payments should be equal to the amount of the mortgage. The…
Q: A bank offers 35-year, $175,000 mortgages at 4.6 percent and charges a $3,600 refundable loan…
A: Annual percentage rate refers to the rate of interest to be borne on the mortgage created. Expenses…
Q: Maxwell's annual financial statements show operating profit before interest and tax of $1,038,466…
A: A tax shield is a reduction in taxable income that results from various allowable deductions,…
Q: Martin Enterprises needs someone to supply it with 160,000 cartons of machine screws per year to…
A: Npv is also known as Net present Value. It is a capital budgeting techniques which helps in decision…
Q: a-1. Calculate the IRR on the two projects. a-2. Calculate the NPV on the two projects. a-3. Do the…
A: Net present value is determined by deducting the current value of cash flows from the initial…
Q: Calculate the Beta of a stock that has annual returns of 18%, -10%, 16%, while the market…
A: Solution:Beta refers to the sensitivity of a stock with reference to the market. It measures the…
Q: If the 3-year spot rate is 7.2% (non-annualized), and the 6-year spot rate is 28.5 percentage to the…
A: According to expectation theory the interest rate in long term and short term should be aligned with…
Q: Weisbro and Sons purchases its inventory one quarter prior to the quarter of sale. The purchase…
A: Variables in the question: Purchase price=60% of sale priceAccounts payable period=60 days…
Q: Use the value-at-risk method to determine the maximum percentage loss of the Brazilian real over the…
A: Value at Risk (VaR) is a widely used risk management technique that quantifies the potential loss an…
Q: The return from US Treasury bill is 5%. The expected rate of return required by the market for a…
A: We need to use capital assts pricing model(CAPM) to calculate rate of return of stock. CAPM equation…
Q: Assume you graduate from university with a $37,000 student loan. If your interest rate is fixed at…
A: The monthly payment amount can be calculated with the help of present value of annuity function.…
Q: Gibson Mfg., Inc. is considering the introduction of a new product. Company management has prepared…
A: Contribution margin is the amount of profit earned per unit of selling of products and that is value…
Q: Question 3 Nellie is a shareholder in Pongo Plc, and her friend, Jamal, holds bonds issued by the…
A: Bonds can be referred as financial instruments merely for investment purposes where the main motto…
Q: 1. Blue Air Inc., has net sales of $723,000 and accounts receivables of $165,000. What are the…
A: Accounts receivable turnover measures how much times are the net sales of the firm in comparison of…
Q: How much would you have in savings if you kept $200 on deposit for eight years at 8%, compounded…
A: The concept of time value of money will be used here. As per the concept of time value of money the…
Q: Calculate the average daily balance and finance charge on the statement below. Note: Round your…
A: In the Average daily balance method, the daily balance in the credit card account is calculated and…
Q: What is the value today of only the face value of this bond?
A: We can determine the value of the face value of the bond using the PV formula as below:q =…
Q: A firm purchases 150 acres of land for $195,000 and agrees to remit 17 equal annual end-of-year…
A: Interest rate refers to the rate at which the loan is to be provided by the lender to the borrower…
Q: Total assets Notes payable (8% interest) Common stock Preferred 7% stock, $100 par (no change during…
A: Profitability ratios:The profitability ratio is a financial metric used to assess a company's…
Q: You are evaluating a project for The Farstroke golf club, guaranteed to correct that nasty slice.…
A: Operating cash flow (OCF) is the cash generated by a company in its normal business operations. It…
Q: A 30-year mortgage has an annual interest rate of 6 percent and a loan amount of $260,000. (Hint:…
A: The CUMPRINC function in Excel is used to compute the total principal payments on a loan or mortgage…
Q: Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a…
A: Dividend in 3 years, D3 = $3.75000Growth rate for year 4 & 5 = 19.50000%Growth rate thereafter =…
Q: Find the equivalent of present worth (t = 0) of a uniform series of $4550 for 8 years, if the…
A: Present Worth calculates the current value of future cash flows or a series of payments, typically…
Q: You have invested 100per month@ 10% per annum in an endowment policy with liberty. After a period of…
A: Future value refers to the anticipated value of an investment or asset at a future point in time,…
Q: You buy a principal STRIP that is stripped from a Treasury note with a coupon rate of 2.5 percent…
A: A treasury note is a kind of debt security issued by the government and private companies to the…
Q: Esfandairi Enterprises is considering a new three-year expansion project that requires an initial…
A: A company's operating cash flow offers information about its capacity to earn cash from its ongoing…
Q: evenue ost of Goods Sold perating Expenses preciation ЗІТ terest xes et Income 61,400 19,648 15,964…
A: The degree of financial leverage (DFL) and the degree of combined leverage (DCL) can be calculated…
Q: A person purchased a $216,732 home 10 years ago by paying 15% down and signing a 30-year mortgage at…
A: Refinancing refers to the financing the original loan with new terms in terms of period and interest…
Q: Esfandairi Enterprises is considering a new three-year expansion project that requires an initial…
A: NPV is the difference between the projected value of cash flow and initial investment and it must be…
Q: 1. Disregarding the revenue, what is the future value of the machine cost? 2. What is the present…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: The following table shows your stock positions at the beginning of the year, the dividends that each…
A: The portfolio return is the dividend earned and the difference between the closing and opening price…
Q: If 28200 dollars is invested at an interest rate of 5 percent per year, find the value of the…
A: Expected value of the investment at the future date is known as the Value of Investment. Cash flow…
Q: initial amount 850000 interest rate 3% pm calculate interest amounts showing results of every month…
A: We can determine the interest schedule using the formula below:Interest earned = previous period…
Q: You have been offered a unique investment opportunity. If you invest, $10400 ?today, you will…
A: NPV is also known as Net Present Value. It is a capital budgeting technique which helps in decision…
Q: Charlie has $ 14,000 to invest for a period of 5 years. The following three alternatives are…
A: Annual compounding refers to the reinvestment of the interest received annually, Instruments with…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 5 images
- Simson in 2019 reported net income of $2,934 billion, net sales of $71,879 billion, and average total assets of $38,215 billion. What is Simson asset turnover? What is its return on assets? (Round answers to 2 decimal places, e.g. 52.75 or 15.87%.) Asset turnover times, Return on assets %QueensLand Ltd. had the following operating results for 2021: sales = $20,200; cost of goods sold = $8,200; depreciation expense = $1,200; interest expense = $1,400; dividends paid = $600. At the beginning of the year, net fixed assets were $9,100, current assets were $3,200, and current liabilities were $1,800. At the end of the year, net fixed assets were $9,700, current assets were $3,850, and current liabilities were $2,100. The tax rate for 2021 was 34%. What was the OCF for the year 2021? a. $9,600 b. $7,604 c. $6,204 d. $8,804During 2020, Metlock, Inc. reported net sales of $2,850,900 and net income of $1,550,000. Its balance sheet reported average total assets of $1,290,000.Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.)
- Suppose in its 2027 annual report that McDonald's Corporation reports beginning total assets of $20.80 billion, ending total assets of $19.20 billion, net sales of $21.80 billion, and net income of $4.10 billion. (a) Compute McDonald's return on assets. (Round return on assets to one decimal place, e.g. 5.1%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover timesMartinez Industries had the following operating results for 2021: Sales = $33,914; Cost of goods sold = $24,016; Depreciation expense = $5,957; Interest expense = $2,690; Dividends paid = $1,960. At the beginning of the year, net fixed assets were $19,900, current assets were $7,026, and current liabilities were $3,968. At the end of the year, net fixed assets were $24,466, current assets were $8,660, and current liabilities were $4,637. The tax rate for 2021 was 23 percent. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What is the cash flow from assets for 2021? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. If no new debt was issued during the…Martinez Industries had the following operating results for 2021: Sales = $34,318; Cost of goods sold = $24,212; Depreciation expense = $5,997; Interest expense = $2,710; Dividends paid = $1,996. At the beginning of the year, net fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. At the end of the year, net fixed assets were $24,502, current assets were $8,684, and current liabilities were $4,673. The tax rate was 22 percent. a. What is net income for 2021? b. What is the operating cash flow for 2021? ( c. What is the cash flow from assets for 2021? d-1. If no new debt was issued during the year, what is the cash flow to creditors? ( d-2. If no new debt was issued during the year, what is the cash flow to stockholders?
- Stackhouse Industries had the following operating results for 2020: sales = $54,510; cost of goods sold = $37,430; depreciation expense = $5,830; interest expense = $1,325; dividends paid = $2,820. At the beginning of the year, net fixed assets were $33,200, current assets were $8,300, and current liabilities were $5,553. At the end of the year, net fixed assets were $42,820, current assets were $9,395, and current liabilities were $5,870. The tax rate was 24 percent. a. What was net income for 2020? (Do not round intermediate calculations.) b. What was the operating cash flow for 2020? (Do not round intermediate calculations.) c. What was the cash flow from assets for 2020? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) d-1. If no new debt was issued during the year, what was the cash flow to creditors? (Do not round intermediate calculations.) d-2. If no new debt was issued during the year, what was the cash flow to…Laflamme Inc. had the following operating results for 2018: sales $30,660; cost of goods sold = $20.260, depreciation expense = $5,660: interest expense = $3.090; dividends paid = $1,950. At the beginning of the year, net fixed assets were $17,480, current assets were $5.960, and current liabilities were $3.575. At the end of the year, net fixed assets were $21,160, current assets were $7,180, and current liabilities were $4,100. The tax rate for 2018 was 30 %. a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Net income b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow c. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash…Martinez Industries had the following operating results for 2021: Sales = $33,308; Cost of goods sold = $23,722; Depreciation expense = $5,897; Interest expense = $2,660; Dividends paid = $1,906. At the beginning of the year, net fixed assets were $19,840, current assets were $6,984, and current liabilities were $3,932. At the end of the year, net fixed assets were $24,412, current assets were $8,624, and current liabilities were $4,583. The tax rate for 2021 was 22 percent. a. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. If no new debt…
- Cardinal Industries had the following operating results for 2018: Sales = $34,318; Cost of goods sold = $24,212; Depreciation expense = $5,997; Interest expense = $2,710; Dividends paid = $1,996. At the beginning of the year, net fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. At the end of the year, net fixed assets were $24,502, current assets were $8,684, and current liabilities were $4,673. The tax rate for 2018 was 22 percent. a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d-1. If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.) d-2. If no new debt was issued during the year, what is the cash flow…Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.25 billion, ending total assets of $30.75 billion, net sales of $21.30 billion, and net income of $3.90 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover timesJotun Paint Corporation reported net income $24,000, net sales $400,000, and average assets $600,000 for 2020. What is the 2020 asset turnover?