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capitalization

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Question

Home Depot entered fiscal 2016 with a total capitalization of $27,246 million. In 2016, debt investors received

interest income of $841 million. Net income to shareholders was $6,378 million. (Assume a tax rate of 35%.)

Calculate the economic value added assuming its cost of capital is 10%. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

Economic value added ______ million

 
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sales

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Question

Torrid Romance Publishers has total receivables of $2,920, which represents 20

days’ sales. Total assets are $73,000. The firm’s operating profit margin is 6%. Find the firm’s ROA and asset turnover ratio. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Asset turnover ratio

ROA%

 
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Maple Mount Fishery is a canning company in Astoria.

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Question

Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory

overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was $680,400, and management budgeted $324,000 of direct labor costs. During the year, the company incurred the following actual costs.

Direct materials used $384,000 Direct labor 306,000 Factory overhead 658,000

The January 1 balances of inventory accounts are shown below.

Materials — all direct $70,000 Work-in-process 41,000 Finished goods 26,000

The December 31 balances of these inventory accounts were ten percent lower than the balances at the beginning of the year.

The cost of goods manufactured during the year is:

$1,332,600.

$1,354,700.

$1,336,700.

$1,373,600.

$1,339,600.

 
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balance sheet

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Question

Squash Delight Inc. has the following balance sheet:  style=”color:rgb(51,51,51);background-color:transparent;”>       Assets   Cash $ 45,000    Accounts receivable   295,000    Fixed assets   772,000         Total assets $ 1,112,000   
Liabilities   Accounts payable $ 296,000    Notes payable   54,000    Common stock (100,000 shares @ $2 par)   200,000    Capital in excess of par   100,000    Retained earnings   462,000         Total liabilities & owners’ equity $ 1,112,000      The firm’s stock sells for $14 a share. a. What is the effect on the capital accounts of a two-for-one stock split? (Do not round intermediate calculations and round your answers to the nearest whole dollar.) Common stock: _________ Capital Excess of par:___________ Retained Earnings:____________ Total equity:______________ b. What is the effect on the capital accounts of a 10 percent stock dividend? Part b is separate from part a. In part b do not assume the stock split has taken place. (Do not round intermediate calculations and round your answers to the nearest whole dollar.) Common stock: _________ Capital Excess of par:___________ Retained Earnings:____________ Total equity:______________

 
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