Formula Book FIN 2210 - APPENDIX C APPENDIX C APPENDIX C...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Selected Equations and Tables CHAPTER 3 Stockholders equity = Paid-in capital + Retained earnings Stockholders equity = Total assets Total liabilities Net working capital = Current assets Current liabilities Net operating working capital = ð Current assets Excess cash Þ ð Current liabilities Notes payable Þ Operating income ð or EBIT Þ = Sales revenues Operating costs FCF = ± EBIT ð 1 T Þ + Depreciation ² Capital expenditures + ± Net operating working capital ³ ´ MVA = ð P 0 ± Shares outstanding Þ Book value of total common equity EVA = EBIT ð 1 T Þ Total investor-supplied operating capital ± After-tax percentage cost of capital 0 @ 1 A Individual Tax Rates in April 2011 Single Individuals If Your Taxable Income Is You Pay This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base (Marginal Rate) Average Tax Rate at Top of Bracket Up to $8,375 $ 0 10.0% 10.0% $8,375 $34,000 837.50 15.0 13.8 $34,000 $82,400 4,681.25 25.0 20.4 $82,400 $171,850 16,781.25 28.0 24.3 $171,850 $373,650 41,827.25 33.0 29.0 Over $373,650 108,421.25 35.0 35.0 Married Couples Filing Joint Returns If Your Taxable Income Is You Pay This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base (Marginal Rate) Average Tax Rate at Top of Bracket Up to $16,750 $ 0 10.0% 10.0% $16,750 $68,000 1,675.00 15.0 13.8 $68,000 $137,300 9,362.50 25.0 19.4 $137,300 $209,250 26,687.50 28.0 22.4 $209,250 $373,650 46,833.50 33.0 27.1 Over $373,650 101,085.50 35.0 35.0 Corporate Tax Rates as of January 2011 If a Corporation s Taxable Income Is It Pays This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base (Marginal Rate) Average Tax Rate at Top of Bracket Up to $50,000 $ 0 15% 15.0% $50,000 $75,000 7,500 25 18.3 $75,000 $100,000 13,750 34 22.3 $100,000 $335,000 22,250 39 34.0 $335,000 $10,000,000 113,900 34 34.0 $10,000,000 $15,000,000 3,400,000 35 34.3 $15,000,000 $18,333,333 5,150,000 38 35.0 Over $18,333,333 6,416,667 35 35.0 APPENDIX C APPENDIX C APPENDIX C APPENDIX C APPENDIX C APPENDIX C APPENDIX C APPENDIX C APPENDIX C APPENDIX C APPENDIX C Appendix C C-1
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
CHAPTER 4 Current ratio = Current assets Current liabilities Quick ; or acid test, ratio = Current assets Inventories Current liabilities Inventory turnover = Sales Inventories Days sales outstanding ð DSO Þ = Receivables Average sales per day = Receivables Annual sales = 365 Fixed assets turnover = Sales Net fixed assets Total assets turnover = Sales Total assets Debt ratio =
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern