Amount ($)eDescriptionYear 2014Cost of goods sold300,000-Cash35,000-Depreciation65,000-Interest expense15,000Selling and administrative expenses55,000-Accounts payable60,000Net fixed assets325,000-Sales500,000Account receivable30,000-Notes payable25,000Long-term debt145,000-Inventory60,000-Equity (at the beginning of 2014)197,250-Additional informationTax rate30%Dividends payout50%-1. What is the net income after tax for 2014?2. What is the total dividends paid by the company in 2014?H3. 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?

Name: Amount ($)eDescriptionYear 2014Cost of goods sold300,000-Cash35,000-D
Uploaded: 2022-11-29T14:11:17.000Z
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Description: Amount ($)eDescriptionYear 2014Cost of goods sold300,000-Cash35,000-Depreciation65,000-Interest expense15,000Selling and administrative expenses55,000-Accounts payable60,000Net fixed assets325,000-Sales500,000Account receivable30,000-Notes payable25

Business

Accounting

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?“

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

Problem 1Q

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Question

Practice Pack

OFFON

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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