Requested: Prepare an appropriate journal. March 1, 2014
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Requested:
- Prepare an appropriate journal.
March 1, 2014
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Solved in 2 steps
- Proposed Current $6,000,000 $6,000,000 $500,000 $5,500,000 $5,000,000 Assets Debt $1,000,000 Equity Debt/Equity Ratio Share Price, Shares 0.09 0.20 $15 $15 366,667 333,333 Outstanding Interest rate 10.8333% 10.8333% EBIT Interest Net Income ROE EPS $1,000,000 $1,000,000 $54,167 $945,833 17.20% $2.58 $108,333 $891,667 17.83% $2.68 Your firm is considering moving from the current capital structure to the proposed capital structure, replacing $500,000 in equity by increasing debt by $500,000, because with EBIT of $1,000,000 the EPS is greater ($2.68, instead of $2.58). a) What is the breakeven EBIT between the current and proposed capital structures? b) What is the EPS at the breakeven EBIT (rounded to two decimal places)? ) With EBIT above the breakeven amount, which of the capital structures would be preferred?Current Proposed Assets $10,000 $18,000 Debt $- $8,000 Equity $10,000 $10,000 Debt/Equity 0 0.8 Interest Rate n/a 7% Shares Outstanding 500 500 Share Price $20 $20 A. Recession Expected Expansion EBIT $500 $1,000 $1,500 Interest 0 0 0 Net Income $500 $1,000 $1,500 Assets 10000 10000 10000 Equity 10000 10000 10000 Shares Outstanding 500 500 500 EPS $1 $2 $3 ROA $0.05 $0.10 $0.15 ROE $0.05 $0.10 $0.15 (b) If the company adds the proposed amount of debt and EBIT is expected to expand proportionally, fill out the table in (a) after the debt is issued.Q39. Balance Sheet had the following amounts as at 31st March, 2019: $ Current Assets 10% Preference Share Capital Equity Share Capital 5,00,000 15,00,000 Current Liabilities Securities Premium Reserve Reserve and Surplus 1,00,000 Investments (in other companies) 4,00,000 Fixed Assets -Cots 30,00,000 Depreciation Written off Long-term from IDBI @ 9% Calculate ratios indicating the long-term and the Short-term financial position of the company. $ 12,00,000 8,00,000 2,00,000 60,00,000 14,00,000
- Kimmel, Financial Accounting, Se LUS elo I System Announcements SLYHO O A Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Ayayai Corp. on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock 000'00€$ 000'000'I 000'ST Retained Earnings 000'08t 00sʻ169 000'ot (sƏJeys uowwao 000's) pas kunsea During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1. Issued 5,000 shares of common stock for $35,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stock, payable November 1. 1. Paid the dividend declared on October 1. 1. Declared a $0.55 per share cash dividend to common stockholders of record on December 15,…P Flag question The company capital structure consists of debt 250000 at 0.082, preferred stock 230000 at 11% and common stock 120000 at 14%, calculate company's weighted average cost of capital Select one: O a. 0.0341 Ob. All the given choices are not correct Oc. 0.1042 Od. 0.0621 O e. 0.0762Q14 If the company’s Earnings available to equity shareholders are OMR 60,000, its cost of equity is 8% and overall cost of capital is 12%, what is the market value of the equity shares under Net Income Approach? a. OMR 500,000 b. OMR 750,000 c. OMR 900,000 d. Cannot be calculated
- Q18 If the company’s EBIT is OMR 500,000; market value of the equity is OMR 2,000,000 and value of Debt is OMR 4,000,000; then what is the overall cost of capital of the firm under Net Income Approach? a. 12.5% b. 10% c. 25% d. 8.33%Net Income ($70) $90 $1?] $350 ($67) $0 $240 ($12) $44 ($4) ($87) $] Charges in Working Capital FCFO Disposal of PPE Purchase of PPE Fill in the blanks FCFI on this financial Issuance of Stock Dividend Payment statement. Issuance of Debt Debt Repayment Interest Expense FCFF Total FCFCurrent Capital Structure: No Debt Recessior Expected A B с D E F G H 1 Current Proposed 2 Assets 3 Debt $1,000,000 $1,000,000 $0 $800,000 EBIT $700,000 4 Equity $1,000,000 $200,000 5 Debt/Equity Ratic 0 4 6 Share Price 7 Shares Outstandi $4 250,000 $4 50,000 8 Interest rate N/A 10% 9 10 11 a) Calculate the Interest, Net income, ROE, and EPS for the current and proposed capital structure. 12 b) Calculate the Breakeven EBIT. 13 K M N Proposed Capital Structure: Debt = $800,000 Recession Expected Expansion $700,000 $1,400,000 $2,100,000 $1,400,000 Expansion $2,100,000 EBIT
- Problem 43. The following assets are acquired on January 1, 2015, when the general price index is 200:Inventory P1,000,000Property, plant and equipment 2,000,000Investment in Bonds Receivable 3,000,000The company is reporting in a hyperinflationary economy. On December 31, 2015, the general priceindex is 300. How shall the assets above be presented in the 12/31/2015 Statement of FinancialPosition? Problem 44. The statement of financial position of ART Inc. before translation to hyperinflationaryeconomy is presented as follows:Cash 1,000,000 Accounts payable 1,000,000Accounts receivable 2,000,000 Unearned revenue (1/1/2015) 1,500,000Inventory (1/1/2015) 3,000,000 Ordinary share (1/1/2015) 2,000,000PPE (7/1/2015) 4,000,000 Retained earnings 500,000The general price index are provided for the following dates:1/1/2015 – 100 7/1/2015 – 200 12/31/2015 – 300How much retained earnings shall be presented in the translated statement of financialposition of ART Inc. in a hyperinflationary…Accounts payable 1200000 790000 Income taxes payable 220000 100000 Bonds payable 1350000 1350000 10% Preferred stock, $50 par 2000000 2000000 Common stock, $10 par 2350000 1750000 Paid-in capital in excess of par 1600000 1400000 Retained earnings 5030000 3605000 Net credit sales 12850000 Cost of goods sold 8450000 Operating expenses 2700000 Net income 1700000 Additional information: Depreciation included in cost of goods sold and operating expenses is $1240000. On May 1, 20 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared dur The book value per share of common stock at 12/31/26 is computed as follows: $8780000 $235000. $8980000 $213000. $8780000 $213000. $8745000 $235000.The company capital structure consist of debt 380000 @ 4.05%, common stock 220000@12.09% and preferred stock 400000 @ 19.50%, calculate company's weighted average cost of capital Select one: O a. 12.99% O b. 11% O c. 9.50% O d. None O e. 11.99%