Homework: Principles of Finance
I. Altamimi Company's net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The company's average tax rate is 35 percent.
i. What is the amount of interest expenses for the firm? (Show the details of your calculations).
ii. Prepare a common sized Income Statement if sales equal $12,000,000.
II. The following are accounts balance (in thousands) for Malak Company. Prepare a balance sheet, and Income statement using intermediate steps t=35% for the year ended December 31, 2018.
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Net property and equipment
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$ 2,000
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Accounts receivable
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$3,000
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Notes payable
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$37,000
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Revenues
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$ 983,000
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Supply expenses
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$ 255,000
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Depreciation expenses
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$ 35,000
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Labor expense
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$300,000
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Interest Expenses
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$11,000
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Stockholders' Equity
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$61,500
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Cash & cash equivalents
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$97,000
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Long-term debt
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$3,500
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III. Why secondary markets are so important to raise capital?
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.