average did it take Bayside to sell its inventory? A. 126.1 days B. 127.9 days C. 153.8 days D. 176.5 days E. 178.9 days Inventory turnover for 2008 = $4‚060 $1‚990 = 2.04; Days’ sales in inventory = 365 2.04 = 178.9 days TEST MODEL : CHAPTER 3 CORPORATE FINANCE Page 1 2. What is the debt-equity ratio for 2008? A. 22.5% B. 26.2% C. 35.5% D. 45.1% E. 47.7% Debt-equity ratio for 2008 = ($1‚170 + $500) ($3‚500 + $1‚200) = .355 = 35.5% 3. What is the times interest earned ratio for 2008? A. 30 B
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ABC’s capital expenditures and its financing 9 2.3. Comparison of ABC’s capital structure with similar companies 10 2.4. Characteristics of the company influencing the leverage policy 11 2.4.1. Tax advantage 11 2.4.2. Corporate tax rate 11 2.4.3. Earnings before tax and interest 11 2.4.4. Interest rate 11 2.4.5. Credit rating 12 2.5. Pecking order theory 13 2.6. Optimal capital structure 13 3.Dividend 14 3.1. Dividend policy
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ENOCH DADZIE MPIMWOOD SCHOOL: COVENTRY UNIVERSITY PROGRAM: MBA-FINANCE STUDENT ID: COVBAF0513079 INTAKE: MAY 2013 COURSE ASSIGNMENT Wood.noon@gmail.com Contact: +233 244137533 The Dow Jones Industrial Average Brief Introduction The Dow Jones Industrial Average also called the‚ the Dow Jones Industrial‚ Dow‚ is a stock market index‚ and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. It was founded on May 26‚ 1896‚ and is now
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Part I – Perfect capital markets‚ capital structure and cost of capital (15 points) GP Corp. has common stock with a market value of $200 million and riskless debt with a value of $100 million. Investors expect a 15% return on the stock and a 6% return on the debt. Assume perfect capital markets without any taxes. a) Suppose GP issues $100 million of new stock to buy back the debt. What is the expected return of the stock after this transaction? (4 points) b) Suppose instead GP issues $50 million
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Russia remains at a very high level of around 90 liters per capita.The main strong alcoholic beverages‚ produced by Russian manufacturers are vodka‚ cognac‚ brandy and liqueurs. Other alcoholic beverages from the category of strong (gin‚ whiskey‚ tequila‚ etc.) are mostly imported from foreign countries. It is not a secret that vodka is the most consumed strong alcohol in Russia‚ with the market share of 97% among strong alcohol drinks. But due to increasing people’s welfare and income growth‚ which
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FUNDAMENTALS OF Corporate Finance Jonathan Berk Stanford University Peter DeMarzo Stanford University Jarrad Harford University of Washington ISBN 0-558-65200-X Fundamentals of Corporate Finance‚ by Jonathan Berk‚ Peter DeMarzo‚ and Jarrad Harford. Published by Prentice Hall. Copyright © 2009 by Pearson Education‚ Inc. Editor in Chief: Donna Battista Sr. Development Editor: Rebecca Ferris Market Development Manager: Dona Kenly Assistant Editors: Sara Holliday‚ Kerri McQueen Managing
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of their generation. Yet she proved us all wrong and gained more independence than ever and showed me that anything is possible when you stay strong and keep your head up. Growing up in New York City and being the youngest of 13 children‚ my grandmother has never had to be lonely. She was always the one putting a smile on everyone’s face with her strong New York accent and friendliness. She never had to drive anywhere because she was from the city and my grandfather could drive her wherever she
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A strong point is when you are good at something. Kind of like your strong characteristics. What you are able to do or what you were born with. It’s a really nice gift you are given when you are born you must set out and find to be able to know what you are made for in life. My strong point is that I am very creative I say that because in the past I have done many things that have been changed and make people see things different. There was a time when I was creative and it was when I was making
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More than 2‚000 public companies exist in Canada. Public companies can offer shares for sales to raise financing‚ and in return they provide detailed financial information in their annual reports and make timely disclosure of significant corporate events. Private companies are not required to do this. All corporations have a board of directors‚ selected by shareholders and given responsibility of overseeing the activities of the corporation. The legal separation of ownership and management
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of downsizing are mixed at best. This paper doesn ’t serve as an approach to downsizing‚ rather‚ it explores the many aspects of downsizing‚ from when it ’s time to downsize to what steps that can be taken to avoid the process altogether. Corporate Downsizing: An Overview There are many reasons why a company downsizes. Layoffs began as a way for companies to offset a decline in earnings‚ but quickly became a popular practice even in companies that were doing well financially. A 1994 survey
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