FINC 330 FINC330 Homework 1 Solution

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FINC 330 FINC330 Homework 1 Solution

Question 1
Flight Corporation has sales of $4,634,642; income tax of $445,382; the selling, general and administrative expenses of $290,908; depreciation of $313,855; cost of goods sold of $2,922,667; and interest expense of $188,204. What is the amount of the firm’s EBIT?

Evening Dreams Corporation has sales of $4,023,441; income tax of $388,838; the selling, general and administrative expenses of $273,421; depreciation of $361,591; cost of goods sold of $2,779,606; and interest expense of $147,342. Calculate the amount of the firm’s gross profit.

Drum Corporation has sales of $4,475,871; income tax of $549,301; the selling, general and administrative expenses of $292,623; depreciation of $300,814; cost of goods sold of $2,830,748; and interest expense of $177,326. Calculate the amount of the firm’s income before tax?

Blue Sky Corporation has sales of $4,891,454; income tax of $441,019; the selling, general and administrative expenses of $234,428; depreciation of $364,786; cost of goods sold of $2,886,308; and interest expense of $100,564. Calculate the firm’s net income?

Big House, Inc. has the following balance sheet statement items: total current liabilities of $659,637; net fixed and other assets of $1,220,720; total assets of $3,130,473; and long-term debt of $870,527. What is the amount of the firm’s current assets?

Yellow Dalia, Inc. has the following balance sheet statement items: current liabilities of $611,948; net fixed and other assets of $1,112,085; total assets of $2,942,814; and long-term debt of $658,913. What is the amount of the firm’s total stockholder’s equity?

Kids Camp, Inc. has the following balance sheet statement items: current liabilities of $818,443; net fixed and other assets of $1,690,359; total assets of $3,320,022; and long-term debt of $887,587. What is the amount of the firm’s net working capital?

Tomy Duck Corporation has sales of $4,791,565; income tax of $347,096; the selling, general and administrative expenses of $240,937; depreciation of $376,808; cost of goods sold of $2,488,231; and interest expense of $157,145. Calculate the amount of the firm’s after-tax cash flow from operations?

Question 1:

Bridge, Inc. has a total asset turnover of 0.90 and a net profit margin of 4.28 percent.
The total assets to equity ratio for the firm is 1.6. Calculate Vintage’s return on equity.
Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).