Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ( in thousands)
Net sales $6,020
Less: Cost of goods sold 4,290
Less: Depreciation 365
Earnings before interest and taxes$1,365
Less: Interest paid 32
Taxable Income $1,333
Less: Taxes 467
Net income $866
Bayside, Inc. 2009 and 2010 Balance Sheets ($ in thousands)
2009 2010 2009 2010
Cash $115 $220 Accounts payable $1,580 $1,560
Accounts rec1,010 850 Long-term debt 820 620
Inventory 1,685 2,070 Common stock $3,260 $3,290
Total $2,810 $3,140 Retained earnings 890 1,140
Net fixed assets 3,740 3,470
Total assets $6,550 $6,610 Total liab. & equity $6,550 $6,610
How many dollars of sales are being generated from every dollar of fixed assets?
a. $0.92
b. $0.91
c. $1.73
d. $1.67
e. $1.61,

En major recording acts are able to play at the stadium. if the average profit margin for a concert is $175,000, how much would the stadium clear for all of these events combined?

With the slowdown of business, how can starbucks ensure that the importance of leadership development does not get overlooked?

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept, the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year. to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51