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    invisible215's Avatar
    invisible215 Posts: 6, Reputation: 1
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    #1

    Feb 14, 2014, 05:52 PM
    Finance Stock annual return
    Daggy Corporation's ROE last year was only 5 percent, but its management has developed a new operating plan designed to improve things. The new plan calls for a total debt ratio of 60 percent, which will result in interest expenses of $8,000 per year. Management projects earnings before interest and taxes (EBIT) of $26,000 on sales of $240,000 and it expects to have a total assets turnover of 2.0. Under these conditions, the average tax rate will be 40 percent. If the changes are made, what return on equity will Doggy earn?
    invisible215's Avatar
    invisible215 Posts: 6, Reputation: 1
    New Member
    		  
    #2

    Feb 14, 2014, 05:53 PM
    Car Payment
    Your car dealer is willing to lease you a new car for $499 a month for 5 years. Payments are due on the first day of each month starting with the day you sign the lease contract. If the car price is currently listed at $26,000 what is the annual percentage rate (APR) on your lease?
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
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    #3

    Feb 14, 2014, 06:03 PM
    That's written in the lease.
    Cat1864's Avatar
    Cat1864 Posts: 8,007, Reputation: 3687
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    #4

    Feb 14, 2014, 06:08 PM
    If you would like help with your homework, please explain where you are having problems. Simply posting the problem does not tell us what help you need.
    invisible215's Avatar
    invisible215 Posts: 6, Reputation: 1
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    #5

    Feb 14, 2014, 06:54 PM
    I am having problem solving the APR. I am not sure how to approach.
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