Griffins Goat Farm, Inc., has sales of $681,000, costs of $343,000, depreciation expenseof $87,000, interest expense of $53,500, a tax rate of 24 percent, and paid out $39,500in cash dividends. The firm has 30,00o0 shares of common stock outstanding.a. What are the earnings per share figure? (Do not round intermediate calculationsand round your answer to 2 decimal places, e.g., 32.16.)b. What are the dividends per share figure? (Do not round intermediate calculationsand round your answer to 2 decimal places, e.g., 32.16.)a Earnings per shareb. Dividends per share

Name: Griffins Goat Farm, Inc., has sales of $681,000, costs of $343,000, d
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Description: Griffins Goat Farm, Inc., has sales of $681,000, costs of $343,000, depreciation expenseof $87,000, interest expense of $53,500, a tax rate of 24 percent, and paid out $39,500in cash dividends. The firm has 30,00o0 shares of common stock outstanding

Given information: Sales amounted to $681,000 Costs of $343,000 Depreciation expense is $87,000…

Answered: Griffins Goat Farm, Inc., has sales of…

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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Nakamura, Incorporated, has a total debt ratio of .57, total debt of $317,000, and net income of $38,750. What is the company’s return on equity? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 275,000 shares outstanding, and its debt/total invested capital ratio was 44%. The firm finances using only debt and common equity, and its total assets equal total invested capital. How much debt was outstanding? Do not round your intermediate calculations. a. $5,013,938 b. $4,571,531 c. $4,768,156 d. $5,358,031 e. $4,915,625
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