Fundamentals of Corporate Finance (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)
4th Edition
ISBN: 9780134475561
Author: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Publisher: PEARSON
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Textbook Question
Chapter 2, Problem 6P
Use EDGAR (www.sec.gov) to find Qualcomm's 10K filing for 2014. From the
- How much did Qualcomm have in cash and short-term investments?
- What were Qualcomm's total accounts receivable?
- What were Qualcomm's total assets?
- What were Qualcomm's total liabilities? How much of this was long-term debt?
- What was the book value of Qualcomm's equity?
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Please help to solve the following question with detailed steps and explanation. thank you
Below are Laiho Industries’ 2017 and 2018 balance sheet items:
2018
2017
Cash
$ 102,850.00
$ 89,725.00
Accounts Receivable
$ 103,365.00
$ 85,527.00
Long-Term Debt
$ 76,264.00
$ 63,914.00
Accounts Payable
$ 30,761.00
$ 23,109.00
Common Stock (total value)
$ 100,000.00
$ 90,000.00
Notes Payable
$ 16,717.00
$ 14,217.00
Net Fixed Assets
$ 67,165.00
$ 42,436.00
Accruals
$ 30,477.00
$ 22,656.00
Inventories
$ 38,444.00
$ 34,982.00
Retained Earnings
$ 57,605.00
$ 38,774.00
Sales for 2018 were $455,150, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends.
Given this information, construct the firm’s 2018…
All the figures are in millions
Please write down the formulas used to answer the question and use excel to answer.
Calculate: debt ratio and times interest earned ratio.
LLC
Current Asset
Current Liabilities
Total Liabilities
Total Assets
2016
5,857.9
8,824.3
12,978.2
18,592.9
2017
6,261.3
10,757.7
14,687.7
20,854.2
2018
6,314.2
6,588.0
10,549.4
16,963.6
2019
5,756
6,287
10,821
17,178
2020
5,977
5,653
10,816
17,748
2021
4,950
5,983
10,049
17,000
BKW
Net Cash Provided by operating activities
Operating Income Before Tax
Finance Costs
Cash and cash eqiv &
Accounts receivables
2016
853.0
862.8
- 126.2
1,008.4 + 2,785.0
2017
146.0
1,007.0
- 108. 6
1,249.2 + 2,749.2
2018
72.8
1,066.2
- 88.0
1,177.1 + 2,670.2
2019
60
620
- 142
1,290 + 2,050
2020
137
- 536
- 165
1, 1 1 1 + 1,667
2021
468
295
- 146
1,662 +…
Chapter 2 Solutions
Fundamentals of Corporate Finance (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)
Ch. 2 - Prob. 1CCCh. 2 - Prob. 2CCCh. 2 - What 's depreciation designed to capture?Ch. 2 - Prob. 4CCCh. 2 -
5. what do a firm’s earning measure?
Ch. 2 - 6. What is dilution?
Ch. 2 - Prob. 7CCCh. 2 - Prob. 8CCCh. 2 - Prob. 9CCCh. 2 - What information do the notes to financial...
Ch. 2 - Prob. 11CCCh. 2 - Prob. 12CCCh. 2 - Prob. 13CCCh. 2 - Prob. 14CCCh. 2 - Prob. 15CCCh. 2 - Prob. 16CCCh. 2 - Prob. 1CTCh. 2 - Prob. 2CTCh. 2 - Prob. 3CTCh. 2 - 4. What is the purpose of the income statement?
Ch. 2 - Prob. 5CTCh. 2 - Prob. 6CTCh. 2 - Prob. 7CTCh. 2 - Prob. 8CTCh. 2 - Prob. 9CTCh. 2 - Prob. 10CTCh. 2 - Prob. 11CTCh. 2 - This is your second interview with a prestigious...Ch. 2 - Prob. 2DCCh. 2 - Prob. 3DCCh. 2 - Prob. 4DCCh. 2 - Prob. 5DCCh. 2 - Prob. 6DCCh. 2 - Prob. 7DCCh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Consider the following potential events that might...Ch. 2 - Prob. 5PCh. 2 - Use EDGAR (www.sec.gov) to find Qualcomm's 10K...Ch. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10PCh. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Prob. 13PCh. 2 - Prob. 14PCh. 2 - Prob. 15PCh. 2 - Prob. 16PCh. 2 - Prob. 17PCh. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - In December 2015, Apple had cash of $38.07...Ch. 2 - Prob. 21PCh. 2 - Prob. 22PCh. 2 - Local co. has sales of $10 million and cost of $6...Ch. 2 - 24. If Local Co., the company in Problem 23, had...Ch. 2 - Prob. 25PCh. 2 - Prob. 26PCh. 2 - Prob. 27PCh. 2 - Prob. 28PCh. 2 - Prob. 29PCh. 2 - Prob. 30PCh. 2 - Prob. 31PCh. 2 - Prob. 32PCh. 2 - Prob. 33PCh. 2 - Prob. 34PCh. 2 - Prob. 35PCh. 2 - Prob. 36PCh. 2 - Some balance sheet information is shown here (all...Ch. 2 - Prob. 38P
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