Author Question: Wells Water Systems recently reported $9,750 of sales, $4,800 of operating costs other than ... (Read 49 times)

tashina2013 · **on:** Aug 7, 2023

Question 1

Tucker Electronic System’s current balance sheet shows total common equity of $4,785,000. The company has 165,000 shares outstanding, and they sell at a price of $54.50 per share. By how much do the firm’s market and book values per share differ?

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$23.95

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$24.88

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$25.50

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$26.73

Question 2

Wells Water Systems recently reported $9,750 of sales, $4,800 of operating costs other than depreciation, and $1,150 of depreciation. The company had no amortization charges, it had $4,150 of outstanding bonds that carry a 6.25% interest rate, and its combined federal and provincial income tax rate was 33%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to spend $830 to buy new fixed assets and to invest $290 in net operating working capital. How much free cash flow did Wells generate?

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$2,207.00

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$2,341.50

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$2,491.43

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$2,576.00

ad2018 · **Reply #1 on:** Aug 7, 2023

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