Financial statement data for two years for Townson Company are as follows: Year 2 Year 1 Sales $3,645,000 $4,250,000 Fixed assets: Beginning of year 880,000 820,000 End of year 520,000 880,000 All of the following statements are true regarding the company's fixed asset turnover ratio except a. Townson has become more efficient in generating sales with its fixed assets in Year 2 as compared to Year 1. b. since Year 1, it appears that Townson may have become more labor-intensive, requiring smaller amounts of fixed asset investments. c. Townson's fixed asset turnover ratio has decreased between Year 1 and Year 2. d. Townson's fixed asset turnover ratio has increased between Year 1 and Year 2.

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative