The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs cept depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income Other data: Shares outstanding (millions) Common dividends (millions of $) 2021 $ 4,200 15,000 16,800 $36,000 24,000 $60,000 $17,664 9,936 8,000 $35,600 10,000 $45,600 4,032 10,368 $14,400 $60,000 2021 $72,000 66,960 1,920 $ 3,120 1,080 $ 2,040 510 $ 1,530 500.00 $535.50 Int. rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price What is the firm's dividends per share? Do not round your intermediate calculations. 6% 25% $36.72
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs cept depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income Other data: Shares outstanding (millions) Common dividends (millions of $) 2021 $ 4,200 15,000 16,800 $36,000 24,000 $60,000 $17,664 9,936 8,000 $35,600 10,000 $45,600 4,032 10,368 $14,400 $60,000 2021 $72,000 66,960 1,920 $ 3,120 1,080 $ 2,040 510 $ 1,530 500.00 $535.50 Int. rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price What is the firm's dividends per share? Do not round your intermediate calculations. 6% 25% $36.72
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and
the notes payable will be rolled over.
Balance Sheet (Millions of $)
Assets
Cash and securities
Accounts receivable
Inventories
Total current assets
Net plant and equipment
Total assets
Liabilities and Equity
Accounts payable
Accruals
Notes payable
Total current liabilities
Long-term bonds
Total liabilities
Common stock
Retained earnings
Total common equity
Total liabilities and equity
Income Statement (Millions of $)
Net sales
Operating costs cept depreciation
Depreciation
Earnings before interest and taxes (EBIT)
Less interest
Earnings before taxes (EBT)
Taxes (25%)
Net income
Other data:
Shares outstanding (millions)
Common dividends (millions of $)
2021
$ 4,200
15,000
16,800
$36,000
24,000
$60,000
$17,664
9,936
8,000
$35,600
10,000
$45,600
4,032
10,368
$14,400
$60,000
2021
$72,000
66,960
1,920
$ 3,120
1,080
$ 2,040
510
$ 1,530
500.00
$535.50
Int. rate on notes payable & L-T bonds
Federal plus state income tax rate
Year-end stock price
What is the firm's dividends per share? Do not round your intermediate calculations.
6%
25%
$36.72
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