American Capital has $375,000 of assets, and uses only common equity capital (zero debt).  Sales for the last year were $420,000, and stockholders recently voted in a new management team that has promised to lower costs and increase the company’s return on equity.  Holding everything else constant, what profit margin would the firm need in order to achieve an ROE of 15.7%?   Your answer should be between 8.54 and 18.22, rounded to 2 decimal places, with no special characters.

Corporations can raise capital using either debt (and must pay interest) or equity (and are expected to pay dividends).  However, the interest expense is tax deductible while dividends paid cannot be deducted.  How much pre-tax income must a company with a tax rate of 35% need to earn per share to pay out $2.55 per share in dividends?   Your answer should be between 1.57 and 6.12, rounded to 2 decimal places, with no special characters.

Byron Books Inc. recently reported $13 million of net income.  Its EBIT was $20,625,000, and its tax rate was 35%.  What was its interest expense? Your answer should be between 140,000 and 725,000, rounded to even dollars (although decimal places are okay), with no special characters.

The balance sheet of Colton Corporation shows long-term debt of $50 million and shareholder equity of $50 million, while their income statement shows EBIT of $17.3 million and interest expenses of $5 million.  If Colton has a tax bracket of 40%, what is their return on equity (ROE)?   Your answer should be between 8.94 and 17.46, rounded to 2 decimal places, with no special characters.

Houston Pumps recently reported net income of $600,000, and an interest expense of $252,000.  The company has total invested capital employed of $7.2 million, a tax rate of 40%, and an after-tax cost of capital of 10%.  What is the company’s EVA?   Your answer should be between 9200 and 37500, rounded to even dollars (although decimal places are okay), with no special characters.

Valero Energy’s balance sheet showed total current assets of $3,000, all of which were required in operations (i.e., no excess cash). Its current liabilities consisted of $845 of accounts payable, $600 of 6% short-term notes payable to the bank, and $250 of accrued wages and taxes. What was its net operating working capital (NOWC)?   Your answer should be between 1672 and 2027, rounded to even dollars (although decimal places are okay), with no special characters.

The balance sheet of Colton Corporation shows long-term debt of $50 million and shareholder equity of $50 million, while their income statement shows EBIT of $17.5 million and interest expenses of $5 million.  If Colton has a tax bracket of 40%, what is their return on equity (ROE)?   Your answer should be between 8.94 and 17.46, rounded to 2 decimal places, with no special characters.

How many milliliters of 0.200 M FeCl3 are needed to react with an excess of Li2S to produce 0.345 g of Fe2S3 if the percent yield for the reaction is 65.0%? 3 Li2S(aq) + 2 FeCl3(aq) → Fe2S3(s) + 6 LiCl(aq)

Last year, Atlantic Richfield had sales of $325,000 and a net income of $26,200.  The firm finances using only debt and common equity, and total assets equal total invested capital.  Year-end assets were $250,000, and the firm’s debt ratio (total-debt-to-total-capital ratio) was 15%.  What was their ROE?    Your answer should be between 7.12 and 15.40, rounded to 2 decimal places, with no special characters.

Kobe Capital Corp. recently reported $19,500 of sales, $7,700 of operating costs other than depreciation, and $1,750 of depreciation. It had $9,000 of bonds outstanding that carry a 7.0% interest rate, and its income tax rate was 40%. How much was the firm’s earnings before taxes (EBT)?   Your answer should be between 8505 and 10280, rounded to even dollars (although decimal places are okay), with no special characters.