FVA Inc.’s net income for the most recent year was $17,590. The tax rate was 34 percent. The firm paid $4,150 in total interest expense and deducted $5,820 in depreciation expense. What was FVA’s cash coverage ratio for the year?
Answer to relevant QuestionsSexton Corp. has current liabilities of $325,000, a quick ratio of 0.85, inventory turnover of 9.5, and a current ratio of 1.25. What is the cost of goods sold for the company? The most recent financial statements for Retro Machine, Inc., follow. Sales for 2010 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain ...Y3K, Inc., has sales of $4,350, total assets of $3,218, and a debtequity ratio of 0.65. If its return on equity is 15 percent, what is its net income? 1. Why would TMCC be willing to accept such a small amount today ($24,099) in exchange for a promise to repay about four times that amount ($100,000) in the future? 2. TMCC has the right to buy back the securities on the ...For each of the following, compute the present value:
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