1. What is the net income after tax for 2014? 2. What is the total dividends paid by the company in 2014? 3. What is the total retained earnings for 2014?- 4. What is the return on equity for 2014? 5. What is the debt to equity ratio for 2014?“

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Amount ($)e
Description
Year 2014
Cost of goods sold
300,000-
Cash
35,000-
Depreciation
65,000-
Interest expense
15,000
Selling and administrative expenses
55,000-
Accounts payable
60,000
Net fixed assets
325,000-
Sales
500,000
Account receivable
30,000-
Notes payable
25,000
Long-term debt
145,000-
Inventory
60,000-
Equity (at the beginning of 2014)
197,250-
Additional information
Tax rate
30%
Dividends payout
50%-
1. What is the net income after tax for 2014?
2. What is the total dividends paid by the company in 2014?H
3. What is the total retained earnings for 2014?<'
4. What is the return on equity for 2014?
5. What is the debt to equity ratio for 2014?
Transcribed Image Text:Amount ($)e Description Year 2014 Cost of goods sold 300,000- Cash 35,000- Depreciation 65,000- Interest expense 15,000 Selling and administrative expenses 55,000- Accounts payable 60,000 Net fixed assets 325,000- Sales 500,000 Account receivable 30,000- Notes payable 25,000 Long-term debt 145,000- Inventory 60,000- Equity (at the beginning of 2014) 197,250- Additional information Tax rate 30% Dividends payout 50%- 1. What is the net income after tax for 2014? 2. What is the total dividends paid by the company in 2014?H 3. What is the total retained earnings for 2014?<' 4. What is the return on equity for 2014? 5. What is the debt to equity ratio for 2014?
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