Question: Given the following information for O Hara Marine Co calculate the
Given the following information for O’Hara Marine Co., calculate the depreciation expense: sales = $41,000; costs = $26,400; addition to retained earnings = $4,900; dividends paid = $1,570; interest expense = $1,840; tax rate = 35 percent.
Answer to relevant QuestionsHuang, Inc., is obligated to pay its creditors $10,900 very soon. a. What is the market value of the shareholders’ equity if assets have a market value of $12,400? b. What if assets equal $9,600?Consider the following abbreviated financial statements for Weston Enterprises:a. What is owners’ equity for 2011 and 2012? b. What is the change in net working capital for 2012? c. In 2012, Weston Enterprises purchased $ ...Consider the ratio EBITD/ Assets. What does this ratio tell us? Why might it be more useful than ROA in comparing two companies? Cheryl Colby, CFO of Charming Florist Ltd., has created the firm’s pro forma balance sheet for the next fiscal year. Sales are projected to grow by 10 percent to $ 420 million. Current assets, fixed assets, and short- term ...The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2012 are projected to grow by 20 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain ...
Post your question