Answer:
We have to find Western Country Corporation's net income, and cash balance at the end of 2018.
The answers are:
Net Income = $200 million
Ending cash balance = $100 million
Explanation:
Net income is equal to sales revenue - cost of goods sold - other expenses
Net Income = $850 million - $255 million - 425 million
= $200 million
Ending cash balance is equal to beginning cash + cash receipts (inflows) - cash payments (outflows)
Ending cash balance = $85 million + $710 million - $400 million - $285 million
= $110 million
Answer: See explanation
Explanation:
a. The company's total book value of debt will be:
= Value of debt + Value of zero coupon bonds
= $70 million + $100 million
= $170 million
b. The market value will be:
= Quoted price × Par value
= ($70 × 1.08) + ($100 × 0.61)
= $75.6 + $61
= $136.6 million
c. The aftertax cost of debt will be:
= (1 - Tax rate) × Pre tax cost of debt
= (1 - 35%) × 5.7%
= 65% × 5.7%
= 3.7%
Answer:
The correct answer is $151 per share.
Explanation:
According to the scenario, the computation of the given data are as follows:
Currently selling price = $151 per share
So, we can calculate the Current market value by using following formula:
Current market value (price) of stock = Currently selling price of stock
As, Currently selling price of stock is already given.
Than, Current market value (price) of stock = $151 per share.
Answer:
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Explanation:
