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Formula Book FIN 2210

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

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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

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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 =
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