The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $ 4,000 $ 4,100 Cost of goods sold 1,900 2,000 Depreciation 440 460 Inventories 290 340 Administrative expenses 400 450 Interest expense 110 110 Federal and state taxes* 350 370 Accounts payable 330 405 Accounts receivable 380 440 Net fixed assets† 5,500 6,340 Long-term debt 2,900 3,330 Notes payable 821 520 Dividends paid 440 440 Cash and marketable securities 850 460 * Taxes are paid in their entirety in the year that the tax obligation is incurred. † Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 542,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.)
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $ 4,000 $ 4,100 Cost of goods sold 1,900 2,000 Depreciation 440 460 Inventories 290 340 Administrative expenses 400 450 Interest expense 110 110 Federal and state taxes* 350 370 Accounts payable 330 405 Accounts receivable 380 440 Net fixed assets† 5,500 6,340 Long-term debt 2,900 3,330 Notes payable 821 520 Dividends paid 440 440 Cash and marketable securities 850 460 * Taxes are paid in their entirety in the year that the tax obligation is incurred. † Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 542,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.)
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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The table below contains data on Fincorp Inc. The
| 2018 | 2019 | |||||
| Revenue | $ |
4,000 |
$ | 4,100 | ||
| Cost of goods sold |
1,900 |
2,000 | ||||
| 440 | 460 | |||||
| Inventories | 290 | 340 | ||||
| Administrative expenses | 400 | 450 | ||||
| Interest expense | 110 | 110 | ||||
| Federal and state taxes* | 350 | 370 | ||||
| Accounts payable | 330 | 405 | ||||
| Accounts receivable | 380 | 440 | ||||
| Net fixed assets† | 5,500 | 6,340 | ||||
| Long-term debt | 2,900 | 3,330 | ||||
| Notes payable | 821 | 520 | ||||
| Dividends paid | 440 | 440 | ||||
| Cash and marketable securities | 850 | 460 | ||||
* Taxes are paid in their entirety in the year that the tax obligation is incurred.
† Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.
Suppose that Fincorp has 542,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.)
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