CateL5535 CateL5535

27-05-2023
Business

Answered

Given the following income statement data:
Net sales = $410,000, cost of goods sold = $245,000, operating expenses = $75,000, depreciation = $35,000, interest expense = $24,500, tax rate = 34%
a)Calculate operating cash flow.
b) Is this company able to cope with a short-term downturn in profitability? Explain your answer.
Radley Co. issued an 18-year, 6% bond one year ago. It has annual interest payments. It is currently trading at 130% of par. Yield to maturity is 5.0%. The bond can be called one year after issue at $1050.
a) What is yield to call?
b) Where can you find the terms for the callable bond?

Answer :

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