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Kaplan GB550 unit 2 assignment

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Question;Complete Chapter 2 problem;2-8, p. 86Complete Chapter 3 problem;3-6, p. 122Complete Chapter 3 problem;3-11, p. 122-123;2-8) The Wendt Corporation had $10.5 million of taxable income.;A. What;is the company's federal income tax bill for the year?B. Assume;the firm receives an additional $1 million of interest income from somebonds it;owns. What is the tax on this interest income?C. Now;assume that Wendt does not receive the interest income but does receive;anadditional $1 million as dividends on some stock it owns. What is the tax on;this dividend income?3-6) Gardial;Son has an ROA of 12%, a 5% profit margin, and a return on equity equal to 20%.;A. What;is the company's total assets turnover?B. What;is the firm's equity multiplier?3-11) Complete the;balance sheet and sales information in the table that follows for J. White;Industries using the;following financial data;Total assets turnover;1.5;Gross profit margin on;sales: (Sales %u2013 Cost of goods sold)/Sales = 25%;Total;liabilities-to-assets ratio: 40%;Quick ratio: 0.80;Days sales outstanding;(based on 365-day year): 36.5 days;Inventory turnover;ratio: 3.75;Partial Income;Statement Information;Sales 600,000;Cost of goods;sold 450,000

 

Paper#51249 | Written in 18-Jul-2015

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