USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the following information that you propose to use to obtain an estimate of year 2004 EPS for the MacLog Company.
In addition, a regression analysis indicates the following relationship between growth in sales per share for MacLog, and GDP growth is
%$\Delta$ Sales per share = 0.015 + 0.75(%$\Delta$ GDP)
-Refer to Exhibit 9.6. Calculate the firm's level of debt for the year 2020.
A) $535.53
B) $600.75
C) $637.67
D) $485.98
E) $393.72

Question

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the following information that you propose to use to obtain an estimate of year 2004 EPS for the MacLog Company.
  In addition, a regression analysis indicates the following relationship between growth in sales per share for MacLog, and GDP growth is
%$\Delta$ Sales per share = 0.015 + 0.75(%$\Delta$ GDP)
-Refer to Exhibit 9.6. Calculate the firm's level of debt for the year 2020.
A) $535.53 
B) $600.75 
C) $637.67 
D) $485.98 
E) $393.72

Quizplus · Accepted Answer

Debt = Current liabilities + Long-term debt = $393.72 + $141.81 = $535.53

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Consider the Following

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Consider the Following