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- Ragan Thermal Systems, Inc., was founded nine years ago by brother and sister Carrington and Genevieve Ragan. The company manufactures and installs commercial heating, ventilation, and cooling (HVAC) units. Ragan has experienced rapid growth because of a proprietary technology that increases the energy efficiency of its systems. The company is equally owned by Carrington and Genevieve. The original agreement between the siblings gave each 50,000 shares of stock. In the event either wished to sell the stock, the shares first had to be offered to the other at a discounted price. Although neither sibling wants to sell any shares at this time, they have decided they should value their holdings in the company for financial planning purposes. To accomplish this, they have gathered the following information about their main competitors. Ragan Thermal Systems, Inc., Competitors EPS DPS Stock Price ROE Arctic Cooling, Inc. National Heating & Cooling Expert HVAC Corp. Industry average $.82 $.16…Parch Inc. and Rees Urch, Parch's former head of R&D, formed Sede Inc., which will perform research and development. Sede issued 10,000 shares of common stock to Urch, who is now Sede's president. Parch lent $800,000 to Sede for initial working capital in return for a note receivable that can be converted at will into 100,000 shares of Sede's common stock. Parch also granted Sede a line of credit of $1,000,000. Is consolidation appropriate for Parch and Sede? Explain and justify your answer. What would Parch accomplish with this arrangement? If consolidation were not appropriate, what serious reporting issue exists regarding Parch's separate financial statements?ARG Inc, is a manufacturer of dairy products that was formed three years ago by three sisters who, as directors, retain sole ownership of its ordinary share capital. One third of the initial share capital was provided by each sister. However, the company has managed to return a profit in each year of operation as shown in the financial statements.ARG Inc. has an overdraft limit of $3.2 million and pays interest on its overdraft at a rate of 6 percent (6%) per year. The company currently has no long-term debt. Current liabilities consist of trade creditors and overdraft finance in each of the three years as follows: a) What is is the interest for the year 2017 b) what is the interest for the year 2018 c) what is the interest for the year 2019
- ARG Inc, is a manufacturer of dairy products that was formed three years ago by three sisters who, as directors, retain sole ownership of its ordinary share capital. One third of the initial share capital was provided by each sister. However, the company has managed to return a profit in each year of operation as shown in the financial statements.ARG Inc. has an overdraft limit of $3.2 million and pays interest on its overdraft at a rate of 6 percent (6%) per year. The company currently has no long-term debt. Current liabilities consist of trade creditors and overdraft finance in each of the three years as follows: a) What is is the interest for the year 2017 b) what is the interest for the year 2018 c) what is the interest for the year 2019 THE INCOME STATEMENT AND BALANCE SHEET IS ATTACHEDARG Inc, is a manufacturer of dairy products that was formed three years ago by three sisters who, as directors, retain sole ownership of its ordinary share capital. One third of the initial share capital was provided by each sister. However, the company has managed to return a profit in each year of operation as shown in the financial statements. ARG Inc. has an overdraft limit of $3.2 million and pays interest on its overdraft at a rate of 6 percent (6%) per year. The company currently has no long-term debt. Current liabilities consist of trade creditors and overdraft finance in each of the three years as follows: Year 2017 2018 2019 Overdraft ($'000) Trade creditors (S'000) Interest 1,167 1,133 50 567 400 733 The industry averages for firms similar to ARG Ine. are Net Profit 9% Creditor days 70 days Margin 15 times 85 days 75 days Current ratio Quick ratio Interest cover 21 times Stock days Debtor days 0.8 times DEBT/Equity ratio 40% (using Book value) Required: As the…Harrison Holdings, Inc. (HHI) is publicly traded, with a current share price of $39 per share. HHI has 22 million shares outstanding, as well as $70 million in debt. The founder of HHI, Harry Harrison, made his fortune in the fast food business. He sold off part of his fast food empire, and purchased a professional hockey team. HHI's only assets are the hockey team, together with 50% of the outstanding shares of Harry's Hotdogs resta t chain. Harry's Hotdogs (HDG) has a market capitalization of $833 million, and an enterprise value of $1.01 billion. After a little research, you find that the average asset beta of other fast food restaurant chains is 0.74. You also find that the debt of HHI and HDG is highly rated, and so you decide to estimate the beta of both firms debt as zero. Finally, you do a regression analysis on HHI's historical stock returns in comparison to the S&P 500, and estimate an equity beta of 1.32. Given this information, estimate the beta of HHI's investment in the…
- Harrison Holdings, Inc. (HHI) is publicly traded, with a current share price of $34 per share. HHI has 20 million shares outstanding, as well as $68 million in debt. The founder of HHI, Harry Harrison, made his fortune in the fast food business. He sold off part of his fast food empire, and purchased a professional hockey team. HHI's only assets are the hockey team, together with 50% of the outstanding shares of Harry's Hotdogs restaurant chain. Harry's Hotdogs (HDG) has a market capitalization of $872 million, and an enterprise value of $1.04 billion. After a little research, you find that the average asset beta of other fast food restaurant chains is 0.76. You also find that the debt of HHIl and HDG is highly rated, and so you decide to estimate the beta of both firms' debt as zero. Finally, you do a regression analysis on HHI's historical stock returns in comparison to the S&P 500, and estimate an equity beta of 1.32. Given this information, estimate the beta of HHI's investment in…Ana, Roro, Reiji, Rnold, Gina and Harold are wondering what form of business they are going to put up with their combined assets of P300,000. Based on the recommendation of Mr. E, an expert, the ideal for them is a corporation. With the recommendation in mind, they agreed to form a corporation named ARRRGH Company and executed its article of incorporation and submitted the same to mayor's office. After a year of operation, they suffered a big loss and decided to terminate their business and as of this date, ARRRGH Company has a total assets of P140,000 and has a liabilities of P190,000 respectively. Based on these information alone Based on the preceding , how much is the combined or consolidated liabilities that Ana, Roro, Reiji, Rnold, Gina and Harold will shoulderAna, Roro, Reiji, Rnold, Gina and Harold are wondering what form of business they are going to put up with their combined assets of P300,000. Based on the recommendation of Mr. E, an expert, the ideal for them is a corporation. With the recommendation in mind, they agreed to form a corporation named ARRRGH Company and executed its article of incorporation and submitted the same to mayor's office. After a year of operation, they suffered a big loss and decided to terminate their business and as of this date, ARRRGH Company has a total assets of P140,000 and has a liabilities of P190,000 respectively. Based on these information alone Based on the preceding information, is Ana, Roro, Reiji, Rnold, Gina and Harold liable for ARRRGH Company's liabilities to its creditors? Explain your answers.
- Rust Pipe Co. was established in 1994. Four years later the company went public. At that time, Robert Rust, the original owner, decided to establish two classes of stock. The first represents Class A founders' stock and is entitled to eleven votes per share. The normally traded common stock, designated as Class B, is entitled to one vote per share. In late 2010, Mr. Stone, an investor, was considering purchasing shares in Rust Pipe Co. While he knew the existence of founders' shares were not often present in other companies, he decided to buy the shares anyway because of a new technology Rust Pipe had developed to improve the flow of liquids through pipes. Of the 1,850,000 total shares currently outstanding, the original founder's family owns 52,625 shares. What is the percentage of the founder's family votes to Class B votes? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Percentage of votes______%Harrison Holdings, Inc. (HHI) is publicly traded, with a current share price of $37 per share. HHI has 21 million shares outstanding, as well as $62 million in debt. The founder of HHI, Harry Harrison, made his fortune in the fast food business. He sold off part of his fast food empire, and purchased a professional hockey team. HHI's only assets are the hockey team, together with 50% of the outstanding shares of Harry's Hotdogs restaurant chain. Harry's Hotdogs (HDG) has a market capitalization of $846 million, and an enterprise value of $1.01 billion. After a little research, you find that the average asset beta of other fast food restaurant chains is 0.75. You also find that the debt of HHI and HDG is highly rated, and so you decide to estimate the beta of both firms' debt as zero. Finally, you do a regression analysis on HHI's historical stock returns in comparison to the S&P 500, and estimate an equity beta of 1.34. Given this information, estimate the beta of HHI's investment in…Marty performed the following transactions this year: He sold shares of Yellow Corp. and realized a gain of $14,000 He sold share of MiniMax Inc. and realized a gain of $3,000 He sold shares of ExtraSpec Inc. and realized a loss of $22,000 Which is the net impact of Marty's transactions? i want answer within one hour, Thanks