Key figures for Apple and Google follow.

Required:
1. Compute times interest earned for the three years' data shown for each company.
2. In the current year, and using times interest earned, which company appears better able to pay interest obligations?
3. In the current year, and using times interest earned, is the company in a good or bad position to pay interest obligations for (a) Apple, and (b) Google? Assume an industry average of 10.

Compute times interest earned for each of the three years shown. (Round your answer to 2 decimal places.)

A 5-year Treasury bond has a 3.7% yield. A 10-year Treasury bond yields 7%, and a 10-year corporate bond yields 8.5%. The market expects that inflation will average 3% over the next 10 years (IP₁₀ = 3%). Assume that there is no maturity risk premium (MRP = 0) and that the annual real risk-free rate, r*, will remain constant over the next 10 years. (Hint: Remember that the default risk premium and the liquidity premium are zero for Treasury securities: DRP = LP = 0.) A 5-year corporate bond has the same default risk premium and liquidity premium as the 10-year corporate bond described. What is the yield on this 5-year corporate bond? Round your answer to two decimal places.

Suppose V is constant, M is growing 5% per year, Y is growing 2% per year, and r = 4. a. Solve for i. b. If the Central bank increases the money growth rate by 2 percentage points per year, find Δi. c. Suppose the growth rate of Y falls to 1% per year. - What will happen to π ? - What must the Fed do if it wishes to π constant?

On January 1, the first day of its fiscal year, Pretender Company issued $18,500,000 of five-year, 10% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 12%, resulting in Pretender Company receiving cash of $17,138,298.

Required:

Intra Corp. has the following operating data for the past 2 years: Year 1 Year 2 Return on Investment 10% 25% Residual Income $600 ? Required Rate of return 8% 10% Average operating assets ? $42,000 Sales in year 2 is $60,000 more than sales in year 1. The Company had the same capital turnover in both years.

(Q.) What is the sales margin in Year 2? Use two decimal places in the answer (for example, if the answer is 24%, key in "0.24").

(A.)

1. Starting from year 1, Project A offers to pay you $500 every year for 10 years, whereas Project B offers to pay you $520 for the first year and a yearly increased amount for the next 8 years after year 1. Project B’s payment in year t+1 will be 2% higher than its payment in year t. In year 0, Project A costs $2200 while Project B costs $2250. If the discount rate for Project A is 10% and for Project B is 12%, which one of these two investment opportunities would you pick?

Suppose a 2-year 7% coupon-paying bond is priced at par, and a 1-year zero (maturing at $100) is priced at $95.238095238. What is the implied 2-year zero rate? What is the implied one-year zero rate, one year from now? These bonds have annual coupon periodicities. Use discrete discounting (1+r)^(-t).

The following information indicates percentage returns for stocks L and M over a 6-year period:

In combining [L−M] in a single portfolio, stock M would receive 60% of capital funds.

Furthermore, the information below reflects percentage returns for assets F, G, and H over a 4-year period, with asset F being the base instrument:

Using these assets, you have a choice of either combining [F−G] or [F−H] in a single portfolio, on an equally-weighted basis.

Required: Calculate the absolute percentage difference in the coefficient of variation (CV) between the stock portfolio [L−M] and the portfolio which outlines the optimal combination of assets.

Answer% Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places (for example: 28.31%).

An investor purchased a 3 year annual coupon bond one year ago. Its PAR value is $1,000 and coupon rate is 6%, paid annually. At the time you purchased the bond, its yield to maturity was 6.5%. The investor sells the bond now after receiving the first coupon payment.
(a) What is the annual Realised Compound Yield (RCY) from holding the bond for 1 year if the yield to maturity remains at 6.5%?
(b) What if the yield to maturity becomes 6.0% when the investors sells the bond?
(c) DC is attempting to construct a bond portfolio with a Macaulay duration of 9 years. He has $1,000,000 to invest and is considering allocating it between two zero coupon bonds. The first zero coupon bond is exactly 6 years, and the second zero coupon bond is exactly 16 years. Both of these bonds are currently offering at a market price of $100. If the yield curve is flat at 7.5%, duration will remain unchanged. Is it possible for DC to construct a bond portfolio having a duration of 9 years using these two types of zero coupon bonds? If possible, how? (Describe the actual portfolio on your working.) If not, why not?

1.The comparative temporary investments and inventory balances of a company follow:

Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?

2. Income statement information for Turay Corporation follows:

Prepare a vertical analysis of the income statement for Turay Corporation.

3. The following items are reported on a company’s balance sheet:

Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place.

4. A company reports the following:

Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year.

5. A company reports the following:

Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.

6.

The following information was taken from Tyson Company’s balance sheet:

Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.