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20.Income Statement Bullseye, Inc.’s 2008 income statement lists the following income and expenses: EBIT = $906,000, Interest expense = $94,000, and Net income = $579,000. What is the 2008 Taxes reported on the income statement?
There is not enough information to calculate 2008 Taxes.
$327,000
$233,000
$812,000
21.Income Statement Barnyard, Inc.’s 2008 income statement lists the following income and expenses: EBIT = $506,500, Interest expense = $48,000, and Net income = $327,000. What is the 2008 Taxes reported on the income statement?
$131,500
There is not enough information to calculate 2008 Taxes.
$458,500
$179,500
22.Portfolio Beta You own $1,900 of City Steel stock that has a beta of 1.68. You also own $6,800 of Rent-N-Co (beta = 1.98) and $5,800 of Lincoln Corporation (beta = 1.08). What is the beta of your portfolio (closest to)?
1.58
1.00
3.59
4.74
23.Asset Management and Profitability Ratios You have the following information on Universe It Ts, Inc.: sales to working capital = 15 times, profit margin = 25.5%, net income available to common stockholders = $3.5 million, and current liabilities = $1.5 million. What is the firm’s balance of current assets?
$2.415m
$0.915m
$7.382m
$1.56m
24.Investment Return MedTech Corp stock was $51.45 per share at the end of last year. Since then, it paid a $0.95 per share dividend. The stock price is currently $63.00. If you owned 500 shares of MedTech, what was your percent return?
19.84%
24.30%
15.08%
18.46%
25.Portfolio Beta You own $1,500 of City Steel stock that has a beta of 1.61. You also own $6,100 of Rent-N-Co (beta = 1.91) and $5,100 of Lincoln Corporation (beta = 1.01). What is the beta of your portfolio (closest to)?
1.51
3.11
4.53
1.00
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