1. ) You are given the following information for Gandolfino Pizza Co.: sales = $42,000; costs =...
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1. ) You are given the following information for Gandolfino Pizza Co.: sales = $42,000; costs = $22,200; addition to retained earnings = $5,350; dividends paid = $1,800; interest expense = $4,600; tax rate = 35 percent. Calculate the depreciation expense. (Do not round intermediate calculations and round your final answer to nearest whole dollar amount.
B.) Red Hawk, Inc., is obligated to pay its creditors $7,100 during the year. What is the market value of the shareholders’ equity if assets have a market value of $8,750? What is the market value of the shareholders’ equity if assets equal $6,500? |
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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