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Unformatted text preview: $0.87. How many shares of stock are outstanding? A. 13,558 B. 14,407 C. 165,523 D. 171,000 E. 173,540 5. A firm has a debt-total asset ratio of 74 percent and a return on total assets of 13 percent. What is the return on equity? A. 26 percent B. 50 percent C. 65 percent D. 84 percent E. 135 percent 6. 18. The Dockside Inn has net income for the most recent year of $8,450. The tax rate was 38 percent. The firm paid $1,300 in total interest expense and deducted $1,900 in depreciation expense. What was the cash coverage ratio for the year? A. 10.48 times B. 11.48 times C. 12.39 times D. 12.95 times E. 13.07 times...
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This note was uploaded on 12/13/2011 for the course FINC 322 taught by Professor Nazar during the Fall '11 term at Ferris State.
- Fall '11