# Busi 530 chapter 4 solutions

Busi 530 Chapter 4 Solutions

Here is a simplified counteract shuffle for Caterpillar Tractor: Caterpillar Tractor Counteract Shuffle ($ in favorites) Ordinary issue $ 42,531 Ordinary liabilities $ 29,748 Longterm issue 46,846 Longterm something-due 27,759 Other liabilities 14,331 Equity 17,539 Sum $ 89,377 Sum $ 89,377 Caterpillar has 664 favorite divides ungathered after a while a bargain treasure of $90 a divide. a. Proportion the posse’s bargain treasure adventitious. (Enter your apologys in favorites.) Bargain treasure $ 59,760 favorite Bargain treasure adventitious $ 42,221 favorite b. Proportion the bargaintomagnitude harmony. (Round your apology to 2 decimal places.) Markettomagnitude harmony 3.41 c. Has the posse created treasure for divideholders? Yes References Workshuffle Learning Objective: 0401 Proportion and expone the bargain treasure and bargain treasure adventitious of a social confirmation. Here is a simplified counteract shuffle for Caterpillar Tractor: Caterpillar Tractor Counteract Shuffle ($ in favorites) Ordinary issue $ 42,531 Ordinary liabilities $ 29,748 Longterm issue 46,846 Longterm something-due 27,759 Other liabilities 14,331 Equity 17,539 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 3/20 Sum $ 89,377 Sum $ 89,377 Caterpillar has 664 favorite divides ungathered after a while a bargain treasure of $90 a divide. a. Proportion the posse’s bargain treasure adventitious. (Enter your apologys in favorites.) Bargain treasure $ 59,760 ± 0.1% favorite Bargain treasure adventitious $ 42,221 ± 0.1% favorite b. Proportion the bargaintomagnitude harmony. (Round your apology to 2 decimal places.) Markettomagnitude harmony 3.41 ± 1% c. Has the posse created treasure for divideholders? Yes Explanation: a. Bargain treasure = 664 favorite × $90 = $59,760 favorite Bargain treasure adventitious = $59,760 – 17,539 = $42,221 favorite b. Bargain treasure / Magnitude treasure = $59,760 / $17,539 = 3.41 c. Yes. The posse has increased the treasure of the equity bombardment by 341%. 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 4/20 2. Award: 2 out of 2.00 points Home Depot’s vulgar accumulation barred fiscal 2012 at a treasure of $82.30 per divide. There were 1,784 favorite divides ungathered, At the end of 2012, the magnitude treasure of Home Depot’s equity was $17,792 favorite. Suppose the unreserved accumulation bargain droops 10% in a year and Home Depot’s accumulation treasure droops by 10%. a. Will the posse’s bargain treasure adventitious loosen or droop? Droop b. Should this transmute pretend our tribute of the achievement of Home Depot’s managers? Yes c. Proportion the bargain treasure adventitious, if the accumulation bargain were unnatural and Home Depot’s accumulation prostobjurgate by 10%. (Enter your apology in favorites. Entire included calculations and conclusive apology to the undeviating undiminished proportion.) Bargain treasure adventitious $ 114,349 favorite rev: 02_03_2016_QC_CS40565 References Workshuffle Learning Objective: 0401 Proportion and expone the bargain treasure and bargain treasure adventitious of a social confirmation. Home Depot’s vulgar accumulation barred fiscal 2012 at a treasure of $82.30 per divide. There were 1,784 favorite divides ungathered, At the end of 2012, the magnitude treasure of Home Depot’s equity was $17,792 favorite. Suppose the unreserved accumulation bargain droops 10% in a year and Home Depot’s accumulation treasure droops by 10%. a. Will the posse’s bargain treasure adventitious loosen or droop? Droop b. Should this transmute pretend our tribute of the achievement of Home Depot’s managers? Yes c. Proportion the bargain treasure adventitious, if the accumulation bargain were unnatural and Home Depot’s accumulation prostobjurgate by 10%. (Enter your apology in favorites. Entire included calculations and conclusive apology to the undeviating undiminished proportion.) Bargain treasure adventitious $ 114,349 ± .1% favorite rev: 02_03_2016_QC_CS40565 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 5/20 Explanation: Bargain treasure = 1,784 favorite × $82.30 = $146,823 favorite The bargain treasure adventitious for Home Depot = $146,823 − 17,792 = $129,031 favorite Stiff the accumulation treasure drops 10%, the bargain treasure is now $146,823 × .90 = $132,141 Bargain treasure adventitious = $132,141 – 17,792 = $114,349 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 6/20 3. Award: 2 out of 2.00 points Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ favorites) Net sales $ 884 Absorb of issue sold 744 Backbiting 34 Earnings anteriorly share and taxes (EBIT) $ 106 Share absorb 15 Pay anteriorly tax $ 91 Taxes 31 Net pay $ 60 BALANCE SHEET (Figures in $ favorites) End of Year Set-on-foot of Year Issue Ordinary issue $ 372 $ 318 Longterm issue 264 225 Sum issue $ 636 $ 543 Liabilities and divideholders’ equity Ordinary liabilities $ 197 $ 160 Longterm something-due 111 124 Shareholders’ equity 328 259 Sum liabilities and divideholders’ equity $ 636 $ 543 The posse’s absorb of principal is 8.50%. a. Proportion Watervan’s economic treasure adventitious (EVA). (Do not entire included calculations. Enter your apology in favorites entireed to 2 decimal places.) Economic treasure adventitious $ 37.35 favorite b. What is the posse’s repay on principal? (Use set-on-footofyear rather than medium principal.) (Do not entire included calculations. Enter your apology as a percent entireed to 2 decimal places.) Repay on principal 18.25 % c. What is its repay on equity? (Use set-on-footofyear rather than medium equity.) (Enter your apology as a percent entireed to 2 decimal places.) Repay on equity 23.17 % d. Is the posse creating treasure for its divideholders? Yes 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 7/20 References Workshuffle Learning Objective: 0402 Proportion and expone key measures of financial achievement, including economic treasure adventitious (EVA) and objurgates of repay on principal, issue, and equity. Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ favorites) Net sales $ 884 Absorb of issue sold 744 Backbiting 34 Earnings anteriorly share and taxes (EBIT) $ 106 Share absorb 15 Pay anteriorly tax $ 91 Taxes 31 Net pay $ 60 BALANCE SHEET (Figures in $ favorites) End of Year Set-on-foot of Year Issue Ordinary issue $ 372 $ 318 Longterm issue 264 225 Sum issue $ 636 $ 543 Liabilities and divideholders’ equity Ordinary liabilities $ 197 $ 160 Longterm something-due 111 124 Shareholders’ equity 328 259 Sum liabilities and divideholders’ equity $ 636 $ 543 The posse’s absorb of principal is 8.50%. a. Proportion Watervan’s economic treasure adventitious (EVA). (Do not entire included calculations. Enter your apology in favorites entireed to 2 decimal places.) Economic treasure adventitious $ 37.34 ± 1% favorite b. What is the posse’s repay on principal? (Use set-on-footofyear rather than medium principal.) (Do not entire included calculations. Enter your apology as a percent entireed to 2 decimal places.) 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 8/20 Repay on principal 18.25 ± 1% % c. What is its repay on equity? (Use set-on-footofyear rather than medium equity.) (Enter your apology as a percent entireed to 2 decimal places.) Repay on equity 23.17 ± 1% % d. Is the posse creating treasure for its divideholders? Yes Explanation: a. Economic treasure adventitious = Aftertax share + Net pay – (Cost of principal × Sum principalization) Economic treasure adventitious = (1 – .34) × $15 + 60 – (.085 × [$259 + 124] = $37.34 b. Repay on principal = (1 – .34) × $15 + 60 = .1825, or 18.25% $259 + 124 c. Repay on equity = $60 = .2317, or 23.17% $259 d. Yes. The EVA indicates the attached is supple treasure in superfluity of the absorb of principal. Thus, it is supple treasure. The ROC and ROE are also agreeing after a while this misentry. 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 9/20 4. Award: 2 out of 2.00 points At the end of 2011 Home Depot’s sum principalization amounted to $28,992 favorite. In 2012 something-due investors ordinary share pay of $635 favorite. Net pay to divideholders was $4,526 favorite. (Assume a tax objurgate of 35%.) Proportion the economic treasure adventitious stiff its absorb of principal is 10%. (Do not entire included calculations. Enter your apology in favorites entireed to 2 decimal places.) Economic treasure adventitious $ 2,039.55 favorite References Workshuffle Learning Objective: 0402 Proportion and expone key measures of financial achievement, including economic treasure adventitious (EVA) and objurgates of repay on principal, issue, and equity. At the end of 2011 Home Depot’s sum principalization amounted to $28,992 favorite. In 2012 something-due investors ordinary share pay of $635 favorite. Net pay to divideholders was $4,526 favorite. (Assume a tax objurgate of 35%.) Proportion the economic treasure adventitious stiff its absorb of principal is 10%. (Do not entire included calculations. Enter your apology in favorites entireed to 2 decimal places.) Economic treasure adventitious $ 2,039.55 ± 0.1% favorite Explanation: Economic treasure adventitious = Aftertax share + Net pay – (Cost of principal × Sum principalization) Economic treasure adventitious = (1 – .35) × $635 + 4,526 − (.10 × $28,992) = $2,039.55 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 10/20 5. Award: 2 out of 2.00 points Here are simplified financial statements for Phone Confirmation in a late year: INCOME STATEMENT (Figures in $ favorites) Net sales $ 12,700 Absorb of issue sold 3,810 Other absorbs 4,112 Backbiting 2,368 Earnings anteriorly share and taxes (EBIT) $ 2,410 Share absorb 660 Pay anteriorly tax $ 1,750 Taxes (at 30%) 525 Net pay $ 1,225 Dividends $ 826 BALANCE SHEET (Figures in $ favorites) End of Year Set-on-foot of Year Issue Coin and bargainable securities $ 84 $ 153 Receivables 2,132 2,390 Inventories 162 213 Other ordinary issue 842 907 Sum ordinary issue $ 3,220 $ 3,663 Net ownership, settle, and equipment 19,923 19,865 Other longterm issue 4,166 3,720 Sum issue $ 27,309 $ 27,248 Liabilities and divideholders’ equity Payables $ 2,514 $ 2,990 Shortterm something-due 1,394 1,548 Other ordinary liabilities 786 762 Sum ordinary liabilities $ 4,694 $ 5,300 Longterm something-due and leases 8,263 7,728 Other longterm liabilities 6,128 6,099 Shareholders’ equity 8,224 8,121 Sum liabilities and divideholders’ equity $ 27,309 $ 27,248 Proportion the aftercited financial harmonys for Phone Corporation: (Use 365 days in a year. Do not entire included calculations. Entire your percentage apologys "Return on equity", "Return on issue", Repay on principal" and "Operating improvement lip" to 2 decimal places and the interval to 2 decimal places.) 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 11/20 a. Repay on equity (Use medium equity.) 14.99 % b. Repay on issue (Use aftertax unoccupied pay and medium issue.) 6.18 % c. Repay on principal (Use aftertax unoccupied pay and medium principal.) 10.43 % d. Days in register (Use opening register.) 20.41 days e. Register turnover (Use opening register.) 17.89 f. Medium store age (Use opening receivables.) 68.69 days g. Unoccupied improvement lip (Use aftertax unoccupied pay.) 13.28 % h. Longterm something-due harmony (Use end of year treasures.) .50 i. Sum something-due harmony (Use end of year treasures.) .70 j. Times share earned 3.65 k. Coin coverage harmony 7.24 l. Ordinary harmony (Use end of year treasures.) .69 m. Quick harmony (Use end of year treasures.) .47 References Workshuffle Learning Objective: 0403 Proportion and expone key measures of unoccupied power, leverage, and liquidity. Here are simplified financial statements for Phone Confirmation in a late year: INCOME STATEMENT (Figures in $ favorites) Net sales $ 12,700 Absorb of issue sold 3,810 Other absorbs 4,112 Backbiting 2,368 Earnings anteriorly share and taxes (EBIT) $ 2,410 Share absorb 660 Pay anteriorly tax $ 1,750 Taxes (at 30%) 525 Net pay $ 1,225 Dividends $ 826 BALANCE SHEET (Figures in $ favorites) End of Year Set-on-foot of Year 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 12/20 Issue Coin and bargainable securities $ 84 $ 153 Receivables 2,132 2,390 Inventories 162 213 Other ordinary issue 842 907 Sum ordinary issue $ 3,220 $ 3,663 Net ownership, settle, and equipment 19,923 19,865 Other longterm issue 4,166 3,720 Sum issue $ 27,309 $ 27,248 Liabilities and divideholders’ equity Payables $ 2,514 $ 2,990 Shortterm something-due 1,394 1,548 Other ordinary liabilities 786 762 Sum ordinary liabilities $ 4,694 $ 5,300 Longterm something-due and leases 8,263 7,728 Other longterm liabilities 6,128 6,099 Shareholders’ equity 8,224 8,121 Sum liabilities and divideholders’ equity $ 27,309 $ 27,248 Proportion the aftercited financial harmonys for Phone Corporation: (Use 365 days in a year. Do not entire included calculations. Entire your percentage apologys "Return on equity", "Return on issue", Repay on principal" and "Operating improvement lip" to 2 decimal places and the interval to 2 decimal places.) a. Repay on equity (Use medium equity.) 14.99 ± 1% % b. Repay on issue (Use aftertax unoccupied pay and medium issue.) 6.18 ± 1% % c. Repay on principal (Use aftertax unoccupied pay and medium principal.) 10.43 ± 1% % d. Days in register (Use opening register.) 20.41 ± 1% days e. Register turnover (Use opening register.) 17.89 ± 1% f. Medium store age (Use opening receivables.) 68.69 ± 1% days g. Unoccupied improvement lip (Use aftertax unoccupied pay.) 13.28 ± 1% % h. Longterm something-due harmony (Use end of year treasures.) .50 ± .01 i. Sum something-due harmony (Use end of year treasures.) .70 ± .01 j. Times share earned 3.65 ± 1% k. Coin coverage harmony 7.24 ± 1% l. Ordinary harmony (Use end of year treasures.) .69 ± .01 m. Quick harmony (Use end of year treasures.) .47 ± .01 Explanation: 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 13/20 a. Repay on equity = $1,225 = .1499, or 14.99% ($8,224 + 8,121) / 2 b. Repay on issue = $1,225 + 660 × (1 – .30) = .0618, or 6.18% ($27,309 + 27,248) / 2 c. Repay on principal = $1,225 + 660 × (1 – .30) = .1043, or 10.43% [($8,263 + 8,224) + ($7,728 + 8,121)] / 2 d. Days in register = $213 = 20.41 days $3,810 / 365 e. Register turnover = $3,810 = 17.89 $213 f. Medium store age = $2,390 = 68.69 days $12,700 / 365 g. Unoccupied improvement lip = $1,225 + 660 × (1 – .30) = .1328, or 13.28% $12,700 h. Longterm something-due harmony = $8,263 = .50 $8,263 + 8,224 i. Sum something-due harmony = $4,694 + 8,263 + 6,128 = .70 $27,309 j. Times share earned = $2,410 = 3.65 $660 k. Coin coverage harmony = $2,410 + 2,368 = 7.24 $660 l. Ordinary harmony = $3,220 = .69 $4,694 m. Quick harmony = $84 + 2,132 = .47 $4,694 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 14/20 6. Award: 2 out of 2.00 points Consider this simplified counteract shuffle for Geomorph Trading: Ordinary issue $ 305 Ordinary liabilities $ 250 Longterm issue 670 Longterm something-due 195 Other liabilities 100 Equity 430 $ 975 $ 975 a. What is the posse’s something-dueequity harmony? (Round your apology to 2 decimal places.) Debtequity harmony 1.28 b. What is the harmony of longterm something-due to sum longterm principal? (Round your apology to 2 decimal places.) Longterm something-due harmony .31 c. What is its net set-on-footed principal? Net set-on-footed principal $ 55 d. What is its ordinary harmony? (Round your apology to 2 decimal places.) Ordinary harmony 1.22 References Workshuffle Learning Objective: 0403 Proportion and expone key measures of unoccupied power, leverage, and liquidity. Consider this simplified counteract shuffle for Geomorph Trading: Ordinary issue $ 305 Ordinary liabilities $ 250 Longterm issue 670 Longterm something-due 195 Other liabilities 100 Equity 430 $ 975 $ 975 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 15/20 a. What is the posse’s something-dueequity harmony? (Round your apology to 2 decimal places.) Debtequity harmony 1.27 ± 1% b. What is the harmony of longterm something-due to sum longterm principal? (Round your apology to 2 decimal places.) Longterm something-due harmony .31 ± .01 c. What is its net set-on-footed principal? Net set-on-footed principal $ 55 ± 1% d. What is its ordinary harmony? (Round your apology to 2 decimal places.) Ordinary harmony 1.22 ± 1% Explanation: a. Something-due / Equity = $545 / $430 = 1.27 b. Sum longterm something-due / Sum longterm principal = $195 / ($195 + 430) = .31 c. Net set-on-footed principal = $305 – 250 = $55 d. Ordinary harmony = $305 / $250 = 1.22 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 16/20 7. Award: 2 out of 2.00 points Lever Age pays a objurgate of share of 10% on $10.2 favorite of ungathered something-due after a while visage treasure $10.2 favorite. The attached’s EBIT was $1.2 favorite. a. What is its times share earned? (Round your apology to 2 decimal places.) Times share earned 1.18 b. If backbiting is $220,000, what is its coin coverage? (Round your apology to 2 decimal places.) Coin coverage harmony 1.39 References Workshuffle Learning Objective: 0403 Proportion and expone key measures of unoccupied power, leverage, and liquidity. Lever Age pays a objurgate of share of 10% on $10.2 favorite of ungathered something-due after a while visage treasure $10.2 favorite. The attached’s EBIT was $1.2 favorite. a. What is its times share earned? (Round your apology to 2 decimal places.) Times share earned 1.18 ± 1% b. If backbiting is $220,000, what is its coin coverage? (Round your apology to 2 decimal places.) Coin coverage harmony 1.39 ± 1% Explanation: a. Share absorb = .10 × $10.2 favorite = $1,020,000 Times share earned = $1,200,000 / $1,020,000 = 1.18 b. Coin coverage harmony = $1,200,000 + 220,000 = 1.39 $1,020,000 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 17/20 8. Award: 4 out of 4.00 points Longterm something-due harmony 0.3 Times share earned 10.0 Ordinary harmony 1.6 Quick harmony 1.0 Coin harmony 0.3 Register turnover 3.0 Medium store age 73days Use the overhead instruction from the tables to achievement out the aftercited waste entries, and then proportion the posse’s repay on equity. Note: Turnover and the medium store age are proportiond using set-on-footofyear, not medium, treasures. (Enter your apologys in favorites. Entire included calculations and conclusive apologys to 2 decimal places.) INCOME STATEMENT (Figures in $ favorites) Net sales $ 210.00 Absorb of issue sold 102.00 Selling, open, and professional absorbs 18.00 Backbiting 28.00 Earnings anteriorly share and taxes (EBIT) $62.00 Share absorb 6.20 Pay anteriorly tax $ 55.80 Tax (35% of pay anteriorly tax) 19.53 Net pay $ 36.27 BALANCE SHEET (Figures in $ favorites) This Year Last Year Issue Coin and bargainable securities $ 18.00 $ 28 Accounts receivable 42.00 42 Inventories 36.00 34 Sum ordinary issue $ 96.00 $ 104 Net ownership, settle, and equipment 104.00 33 Sum issue $ 200.00 $137 Liabilities and divideholders’ equity Accounts payable $25.00 $ 20 Notes payable 35.00 40 Sum ordinary liabilities 60.00 60 Longterm something-due 42.00 28 Shareholders’ equity 98.00 49 Sum liabilities and divideholders’ equity $200.00 $137 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 18/20 References Workshuffle Learning Objective: 0403 Proportion and expone key measures of unoccupied power, leverage, and liquidity. Longterm something-due harmony 0.3 Times share earned 10.0 Ordinary harmony 1.6 Quick harmony 1.0 Coin harmony 0.3 Register turnover 3.0 Medium store age 73days Use the overhead instruction from the tables to achievement out the aftercited waste entries, and then proportion the posse’s repay on equity. Note: Turnover and the medium store age are proportiond using set-on-footofyear, not medium, treasures. (Enter your apologys in favorites. Entire included calculations and conclusive apologys to 2 decimal places.) INCOME STATEMENT (Figures in $ favorites) Net sales $ 210.00 ± 1% Absorb of issue sold 102.00 ± 1% Selling, open, and professional absorbs 18.00 Backbiting 28.00 Earnings anteriorly share and taxes (EBIT) $ 62.00 ± 1% Share absorb 6.20 ± 1% Pay anteriorly tax $ 55.80 ± 1% Tax (35% of pay anteriorly tax) 19.53 ± 1% Net pay $ 36.27 ± 1% BALANCE SHEET (Figures in $ favorites) This Year Last Year Issue Coin and bargainable securities $ 18.00 ± 1% $ 28 Accounts receivable 42.00 ± 1% 42 Inventories 36.00 ± 1% 34 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 19/20 Sum ordinary issue $ 96.00 ± 1% $ 104 Net ownership, settle, and equipment 104.00 ± 1% 33 Sum issue $ 200.00 ± 1% $137 Liabilities and divideholders’ equity Accounts payable $25.00 $ 20 Notes payable 35.00 40 Sum ordinary liabilities 60.00 ± 1% 60 Longterm something-due 42.00 ± 1% 28 Shareholders’ equity 98.00 ± 1% 49 Sum liabilities and divideholders’ equity $200.00 $137 Explanation: Sum ordinary liabilities = $25.00 + 35.00 = $60.00 Sum ordinary issue = $60 × 1.6 = $96.00 Coin = $60 × .3 = $18.00 Accounts receivable + Coin = $60.00 × 1.0 = $60.00 Accounts receivable = $60.00 – Coin = $60.00 – 18.00 = $42.00 Inventories = $96.00 – 18.00 – 42.00 = $36.00 Sum issue = Sum liabilities and divideholders’ equity = $200.00 Net ownership, settle, equipment = $200.00 – 96.00 = $104.00 Sales = (365 / Medium store age) × Opening receivables = (365 / 73) × $42 = $210.00 Absorb of issue sold = Register turnover × Opening register = 3.0 × $34 = $102.00 EBIT = $210.00 – 102.00 – 18.00 – 28.00 = $62.00 Share = EBIT / Times share earned = $62 / $10.0 = $6.20 Pay anteriorly tax = EBIT Share absorb = $62.00 – 6.20 = $55.80 Tax = Pay anteriorly tax × .35 = $55.80 × .35 = $19.53 Net pay = Pay anteriorly tax – Tax = $55.80 – 19.53 = $36.27 Longterm something-due + Equity = Sum liabilities and equity – Sum ordinary liablities = $200.00 – 60 = $140.00 Longterm something-due harmony = .3 = Longterm something-due / (Longterm something-due + Equity) = Longterm something-due / $140.00; LTD = $42.00 Shareholders' equity = Sum liabilities and equity – Sum ordinary liabilities Longterm something-due = $200.00 – 60.00 – 42.00 = $98.00 9/21/2016 Assignment Print View http://ezto.mheducation.com/hm_finance.tpx?todo=printview 20/20 9. Award: 2 out of 2.00 points In 2014 Electric Autos had sales of $120 favorite and issue at the set-on-foot of the year of $190 favorite. If its repay on set-on-footofyear issue was 10%, what was its unoccupied improvement lip? (Do not entire included calculations. Enter your apology as a percent entireed to 2 decimal places.) Unoccupied improvement lip 15.83 % References Workshuffle Learning Objective: 0404 Show how improvementability depends on the prolific use of issue and on improvements as a side of sales. In 2014 Electric Autos had sales of $120 favorite and issue at the set-on-foot of the year of $190 favorite. If its repay on set-on-footofyear issue was 10%, what was its unoccupied improvement lip? (Do not entire included calculations. Enter your apology as a percent entireed to 2 decimal places.)