MPR professionals should avoid including any news items previously released to the media in a press kit
Indicate whether the statement is true or false
FALSE
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Manufacturers must comply with specific laws regarding ________
A) profit margins B) product quality and safety C) product harvesting D) distribution channel length E) product life cycles
Alexis is a manager who is having difficulty with a subordinate Tim’s personality. Alexis should ______.
A. try to change Tim’s personality B. try to change her own personality C. try to understand how different personalities operate at work D. do nothing
Quigley Inc. is considering two financial plans for the coming year. Management expects sales to be $300,000, operating costs to be $265,000, assets (which is equal to its total invested capital) to be $200,000, and its tax rate to be 35%. Under Plan A it would finance the firm using 25% debt and 75% common equity. The interest rate on the debt would be 8.8%, but under a contract with existing bondholders the TIE ratio would have to be maintained at or above 5.5. Under Plan B, the maximum debt that met the TIE constraint would be employed. Assuming that sales, operating costs, assets, total invested capital, the interest rate, and the tax rate would all remain constant, by how much would the ROE change in response to the change in the capital structure? Do not round your intermediate
calculations. A. 1.04% B. 1.32% C. 1.52% D. 1.11% E. 1.13%
Refer to the following selected financial information from Shakley's Incorporated. Compute the company's profit margin for Year 2. Year 2Year 1Net sales$478,500 $426,250 Cost of goods sold 276,300 250,120 Interest expense 9,700 10,700 Net income before tax 67,250 52,680 Net income after tax 46,050 39,900 Total assets 317,100 288,000 Total liabilities 181,400 167,300 Total equity 135,700 120,700
A. 9.6%. B. 14.1%. C. 11.7%. D. 33.9%. E. 16.7%.