2. Building an income Statement Sidewinder, Inc., has sales of $634,000, cost of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a tax rate of 21%. What is the net income for this firm? 3. Dividends and Retained Earnings Suppose the firm in Problem 2 paid out $68,000 in cash dividends. What is the addition to retained earnings? 4. Per-Share Earnings and Dividends Suppose the firm in problem 3 had 35,000 shares of common stock outstanding. What is the earnings per share, or ES, figure? What is the dividends per share figure?
2. Building an income Statement Sidewinder, Inc., has sales of $634,000, cost of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a tax rate of 21%. What is the net income for this firm? 3. Dividends and Retained Earnings Suppose the firm in Problem 2 paid out $68,000 in cash dividends. What is the addition to retained earnings? 4. Per-Share Earnings and Dividends Suppose the firm in problem 3 had 35,000 shares of common stock outstanding. What is the earnings per share, or ES, figure? What is the dividends per share figure?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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2. Building an income Statement Sidewinder, Inc., has sales of $634,000, cost of $328,000,
3. Dividends and
4. Per-Share Earnings and Dividends Suppose the firm in problem 3 had 35,000 shares of common stock outstanding. What is the earnings per share, or ES, figure? What is the dividends per share figure?
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