1. Richard June requires a P100,000 annual loan in order to pay laborers to tend and harvest...
Question:
1. Richard June requires a P100,000 annual loan in order to pay laborers to tend and harvest its fruit crop. Richard June borrows on a discount interest basis at a nominal annual rate of 11 percent. If Richard June must actually receive P100,000 net proceeds to finance its crop, then what must be the face value of the note?
2. XYZ Company's net income last year was P100,000. The company paid preferred dividends of P20,000 and its average common stockholders' equity was P580,000. The company's return on common stockholders' equity for the year was closest to:
3. In December 31, 2020, Mia Co. reported Total Assets and Total Liabilities at P4,500 and P3,150 respectively. If the stocks were traded at P17.00 per share which is higher from the prior year of P15.00 per share, and the P/E ratio is retained at 5 on December 31, 2021. Assuming no payments on liabilities were made during the year. The book value per share on December 31, 2021, with 100 ordinary shares is
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta