The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022,while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are inthousands of dollars.*RevenueCost of goods soldDepreciationInventoriesAdministrative expensesInterest expenseFederal and state taxes*Accounts payableAccounts receivableNet fixed assetsLong-term debtNotes payableDividends paidCash and marketable securities2021$ 4,0001,9004402904001103503303805,5002,900821440850Price2022$ 4,1002,000460340450110370405440Taxes are paid in their entirety in the year that the tax obligation is incurred.per share6,3403,330520440460tNet fixed assets are fixed assets net of accumulated depreciation since the asset was installed.Suppose that the market value (in thousands of dollars) of Fincorp's fixed assets in 2022 is $6,570 and that the value of its long-termdebt is only $3,130. In addition, the consensus among investors is that Fincorp's past investments in developing the skills of itsemployees are worth $2,700. This investment, of course, does not show up on the balance sheet. What will be the price per share ofFincorp stock? (Assume 542,000 shares of stock outstanding.)Note: Round your answer to 2 decimal places.

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Description: The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022,while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All valu

Shareholders equity includes both ordinary shares and preference shares, retained earnings, excess…

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The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars.

The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ending in either 2021 or 2022. All values are in thousands of dollars.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are in thousands of dollars. 2021 14.500 Revenue Coat of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxe Accounts payable Accounts receivable Set fixed assets Long-term deb Notes payable Dividends paid Cash and marketable securities *Taxes are paid in their entirety in the year that the tax obligation is incurred. Earnings per share 2021 4800 530 250 440 100 560 200 420 5,800 2,000 700 370 810 2022 $4,900 2022 1,900 550 310 490 160 550 *Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 575,000 shares outstanding. What were earnings per share in 2022? Note: Round your answers to 2 decimal places. 360 490 6,500 3,150 510 azo…
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