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Q14. What is the value of the leverage ratio (liabilities / equity) using the adjusted data?
A) 2.81.
B) 2.16.
C) 3.36.
Q15. Great Plains Grains (GPG) reported the following 2003 year-end data:
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Net income |
$45 million |
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Dividends |
$10 million |
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Total long-term liabilities |
$100 million |
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Total shareholder’s equity |
$200 million |
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Effective tax rate |
40 percent |
Following the release of this data, GPG discovered that the service and interest costs related to their pension fund accounting had been miscalculated. The new estimates are $5 million and $8 million higher than the original estimates. What is the impact on the debt to equity ratio? The new debt/equity ratio is:
A) 61.7%.
B) 56.1%.
C) 56.5%.
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发表于 2009-3-3 12:55
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