FIN 571 Week 3 Quiz
1. You are provided the following working
capital information for the Ridge Company:
Ridge Company
Account
$
Inventory
$12,890
Accounts receivable
12,800
Accounts payable
12,670
Net sales
$124,589
Cost of goods sold
99,630
Operating cycle: What is the operating cycle for Ridge Company?
2. The operating cycle
3. Ticktock Clocks sells 10,000 alarm clocks each
year. If the total cost of placing an order is $65 and it costs $85 per year to
carry the alarm clock in inventory, use the EOQ formula to calculate the
optimal order size.
4. The asset substitution problem occurs when
5. Dynamo Corp. produces annual cash flows of $150 and
is expected to exist forever. The company is currently financed with 75 percent
equity and 25 percent debt. Your analysis tells you that the appropriate
discount rates are 10 percent for the cash flows, and 7 percent for the debt.
You currently own 10 percent of the stock.
How much are your cash flows today?
6. Melba’s Toast has a capital structure with 30% debt
and 70% equity. Its pretax cost of debt is 6%, and its cost of equity is 10%.
The firm’s marginal corporate income tax rate is 35%. What is the appropriate
WACC?
7. According to the text, the financial plan covers a
period of
8. The financing plan of a firm will indicate
9. Tradewinds Corp. has revenues of $9,651,220, costs
of $6,080,412, interest payment of $511,233, and a tax rate of 34 percent. It
paid dividends of $1,384,125 to shareholders. Find the firm’s dividend payout
ratio and retention ratio.
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