Corporate Finance Chp3 Solutions

Corporate Finance Chp3 Solutions - Depreciation 175,000.00...

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Chapter 3 Homework _x000D_FIN302 _x000D_ 3.1 Assets Liabilities and Owners Equity Cash and Marketable Securitie  $25,135.00   Accounts Payable   $67,855.00  Accounts Receivable  43,758.00   Notes Payable   36,454.00  Inventory  167,112.00   Long-term Debt   223,125.00  Net Fixed Assets  325,422.00   Common Stock   150,000.00  Other Assets  13,125.00   Retained Earnings   97,118.00  Total Assets  $574,552.00   Total Liabilities   $574,552.00  3.5 Current Assets  Current Liabilities  Cash and Marketable Securitie  $1,235,455.00   Accounts Payable   $4,159,357.00  Inventory  $7,121,599.00   Short-term Notes Payable  1,151,663.00  Accounts Receivable  $3,488,121.00   Total Current Liabilities   $5,311,020.00  Other Current Assets  $121,455.00  Total Current Assets  $11,966,630.00       Net Working Capital  $6,655,610.00  3.7 Income Statement Sales  $1,450,000.00  Cost of Goods Sold  812,500.00  EBITDA  $637,500.00 
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Unformatted text preview: Depreciation 175,000.00 EBIT $462,500.00 Interest 89,575.00 EBT $372,925.00 Taxes (35%) 130,523.75 Net Income $242,401.25 3.12 Average Tax Rate Total taxes Total taxable income Marginal Tax Rate Tax rate applied to next dollar of taxable income 3.14 EBT $1,478,936.00 Taxes 502,838.24 3.23 Earnings $451,888.00 Dividends 225,794.00 Retained Earnings $226,094.00 Prior Year Retained Earnings 620,878.00 Total Retained Earnings $846,972.00 Chapter 3 Homework _x000D_FIN302 _x000D_ 3.27 Net Income $713,445.00 Dividends 321,050.25 Retained Earnings $392,394.75 Prior Year Retained Earnings 323,325.00 Total Retained Earnings $715,719.75 3.28 EBIT $23,458,933.00 Interest 1,645,123.00 EBT $21,813,810.00 Taxes 7,634,833.49 Marginal Tax Rate 35% Average Tax Rate 35%...
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This note was uploaded on 09/18/2011 for the course FIN 302 taught by Professor Peterson during the Spring '08 term at University of Miami.

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Corporate Finance Chp3 Solutions - Depreciation 175,000.00...

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