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FIN300 UPDATED Test Exam Questions and CORRECT Answers
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Surfside Airlines Sales - 150,000 VOP - (105,000) Gross Profit- 45,000 Find DOL, DFL, DTL 1.8, 2.5, 4.5 Loving Gardens (LG) has $6 million in assets, $700,000 EBIT, 80,000 shares of stock outstanding, and a marginal tax rate equal to 40 percent. If LG's debt-to-total-assets ratio (D/TA) is 70 percent, it pays 12 percent interest on debt, whereas if the D/TA ratio is 40 percent, interest is 9 percent. Calculate LG's EPS and ROE for each capital structure. Which capital structure is better? Higher EPS = 40% (3.63) and (8.1%)
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FIN300
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fin300
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