Question: Please help with this finance problem, I need help asap. I know the answer just do not know how to get there, so I have
Please help with this finance problem, I need help asap. I know the answer just do not know how to get there, so I have put the answer in bold to help with the process.
Question 6
You are looking at a firm's financial statements and find the following information:
| USD ($) millions | Dec 31st, 2020 | Dec 31st, 2019 |
| Total Current Assets | 12,547 | 11,044 |
| Property, Plant, & Equipment | 28,887 | 25,082 |
| Notes Payable | 2,962 | 1,787 |
| Total Current Liabilities | 9,267 | 10,807 |
| Retained Earnings | 44,448 | 43,028 |
| USD ($) millions | 12 Months Ending Dec 31, 2020 |
| Depreciation | 1,590 |
| Operating Income | 6,766 |
| Earnings Before Taxes | 5,345 |
| Provision for Taxes | 892 |
What was the firm's free cash flow for 2020? -2,386
Question 7
A sole proprietor has a taxable income for 2020 is $295,000. How much in taxes does she owe?
| Marginal Tax Rate | Bracket Lower Limit | Bracket Upper Limit | Base Tax |
| 10% | 0 | $9,875 | |
| 12% | $9,875 | $40,125 | $987.50 |
| 22% | $40,125 | $85,525 | $4,617.50 |
| 24% | $85,525 | $163,300 | $14,605.50 |
| 32% | $163,300 | $207,350 | $33,271.50 |
| 35% | $207,350 | $518,400 | $47,367.50 |
| 37% | $518,400 | $156,325.00 |
78,045
Question 10
If a firm has $12 million in sales, a debt-to-equity ratio of 3.3, total debt of $13 million, and for every dollar of revenue they generate $0.19 of earnings, what is the firm's return on equity?
57.88
Question 15
A corporation has $368 million in sales,$210 million in COGS, $68 million in inventory, $129 million in accounts receivables, and $106 million in accounts payable. The firm borrows at 13% compounded daily to finance its NOWC.
How much will the firm have to pay in interest for the year due to the Cash Conversion Cycle?
Hint: take the COGS and calculate how much it grows over one cash conversion cycle (in days) with a daily interest rate that you calculate from APR. Answer in millions of dollars . Make sure you have 3 or 4 significant digits (ie. if the the answer is $6,789,012 million, your answer should be 6.789) 4.68
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