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1. A firm reported working capital of $5.5 million and fixed assets of $20 milli

ID: 2698463 • Letter: 1

Question

1. A firm reported working capital of $5.5 million and fixed assets of $20 million. Its fixed asset turnover was 1.2 times. What was the firm's sales to working capital ratio?

5.19 times

2 .Oberon Inc. has a $20 million (face value) 10-year bond issue selling for 99% of par that pays an annual coupon of 7.25%. What would be Oberon's before-tax component cost of debt?

6.03 times 4.36 times 2.21 times

5.19 times

2 .Oberon Inc. has a $20 million (face value) 10-year bond issue selling for 99% of par that pays an annual coupon of 7.25%. What would be Oberon's before-tax component cost of debt?

8.15% 7.40% 7.02% 6.12%

Explanation / Answer

4.36

6.12

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