Griffins Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest expense of $51,500, a tax rate of 25 percent, and paid out $41,500 in cash dividends. The firm has 29,200 shares of common stock outstanding. a. What are the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Griffins Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000, interest expense of $51,500, a tax rate of 25 percent, and paid out $41,500 in cash dividends. The firm has 29,200 shares of common stock outstanding. a. What are the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What are the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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
Related questions
Question
Practice Pack
|
Griffins Goat Farm, Inc., has sales of $677,000, costs of $339,000, |
| a. |
What are the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | What are the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Transcribed Image Text:Griffins Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense
of $83,000, interest expense of $51,500, a tax rate of 25 percent, and paid out $41,500
in cash dividends. The firm has 29,200 shares of common stock outstanding.
a. What are the earnings per share figure? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g., 32.16.)
b. What are the dividends per share figure? (Do not round intermediate calculations
and round your answer to 2 decimal places, e.g., 32.16.)
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