creditors 1) Cash flow to bondholders (creditors): 576 Interest paid - Net new borrowings Cash flow to stockholders (5,804) Dividends paid - 57,080 Net new equity = (62884) Ch. 3 Financial ratios list in Ch. 3, problems 26, 27 Problem 26: Short term solvency ratios: A. Current ratio 60,550/43,235=1.40048 B. Quick ratio 60,550-24,650/43,235=0.8303 C. Cash ratio 22,050/43,235=0.51000 Asset utilization ratios: D. Total
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BIS Working Papers No 420 On the correlation between commodity and equity returns: implications for portfolio allocation by Marco Lombardi and Francesco Ravazzolo Monetary and Economic Department July 2013 JEL classification: C11, C15, C53, E17, G17. Keywords: Commodity prices, equity prices, density forecasting, correlation, Bayesian DCC. BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time
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Msc Finance & Investment Core Course I: Corporate Finance & Value Creation Lecture 1 3 Modigliani & Miller (1958) ‘The Cost of Capital, Corporation Finance and the Theory of Investment’ 3 Modigliani & Miller 2 6 Modigliani and Miller 3 7 Modigliani & Miller – 1958 4 12 Fama & French (1998) ‘Taxes, Financing Decisions, and Firm Value’ 18 FAMA FRENCH 2 20 Fama & French 3 21 Fama & French – 1998 4 22 Graham (2000) ‘How Big Are the Tax Benefits of Debt?’ 25 GRAHAM (2000) 2 28 Graham 3
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year. If the $100 of checkable deposits is in a NOW account with a 5% interest rate and it costs another $3 per year to service the account, the cost per year of these deposits is $8. The bank’s profit on the new deposits is then $1 per year (a 1% return on assets). General Principles of Bank Management Now that you have some idea of how a bank operates, let’s look at how a bank manages its assets and liabilities in order to earn the highest possible profit. The bank manager has four primary concerns
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Financial Statements 1. Introduction 2. Company Background 3. Audited Financial Statement 4. Financial Statement Analysis 5. Conclusion and Recommendation FINANCIAL STATEMENT ANALYSIS A) Balance Sheet Highlights 1. Inventories decreased by 51% have they purchased? Or most were sold out? Or were there obsolecense? (canned goods) 2. prepayment and other current assets has huge increase due to payments of deposits for a fish supplier (exclusive agreement)
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www.sciedu.ca/ijfr International Journal of Financial Research Vol. 5, No. 1; 2014 Shareholders’ Wealth and Debt- Equity Mix of Quoted Companies in Nigeria Amos O. Arowoshegbe1 & Francis Kehinde Emeni2 1 Department of Accounting, Ambrose Alli University, Ekpoma, Edo State, Nigeria 2 Department of Accounting, University of Benin, Benin City, Edo State, Nigeria Correspondence: Amos O. Arowoshegbe Ph.D; ACA., Department of Accounting, Ambrose Alli University, Ekpoma, Edo State, Nigeria. Tel:
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financial statements for Williamson, Inc., are shown here (assuming no income taxes): Income Statement Balance Sheet Sales $ 6,700 Assets $22,050 Debt $ 8,050 Costs 3,850 Equity 14,000 Net income $ 2,850 Total $22,050 Total $22,050 Assets and costs are proportional to sales. Debt and equity are not. No dividends are paid. Next year’s sales are projected to be $7,906. What is the external financing needed? (Do not round intermediate calculations and round your answer to the nearest
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improvement next year rests largely on the eurozone finding an appropriate solution to its problems Against this background, many investors have fled to what they saw as safe havens, forcing gold prices to record highs and government bonds yields to generational lows Short-termism is rife in such volatile markets, creating opportunities in some asset classes for investors who can take a longer-term view Equities currently look to offer the best value, with many corporates in solid financial shape after
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Corporate Finance Problem Set 1 1) Calculate the indicated amounts and financial ratios for Big Apple Enterprises. Please indicate the formula that you used to calculate the amounts or ratios. It may be most efficient to transfer the problem to an Excel spreadsheet and perform the calculations there. | Big Apple Enterprises | | | (1) | ------------------------------------------------- (2) | | | | | ------------------------------------------------- Common Size the Balance
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Evaluate the long term financing of Stemlife Company Stemlife Company’s capital structure is made up of 100% equity. It has two types of equities; ordinary stocks and retaining earning. Stemlife issues two types of stocks; stocks capital and stocks premium. There are several advantages of offering common stocks. First, by issuing common stocks the company can raise a large sum of money (Anonymous, etd). Secondly, the board of directors can decide on the amount of dividend paid to the stockholders
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