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Ch. 2: Questions 4 & 9( Questions and Problems section): Microsoft ® Excel ® template provided for Problem 4.
Building an Income Statement [ LO1 ] Billy’ s Exterminators, Inc., has sales of $ 817,000, costs of $ 343,000, depreciation expense of $ 51,000, interest expense of $ 38,000, and a tax rate of 35 percent. What is the net income for this firm?
3. Dividends and Retained Earnings [ LO1 ] Suppose the firm in Problem 2 paid out $ 95,000 in cash dividends. What is the addition to retained earnings?
4. Per-Share Earnings and Dividends [ LO1 ] Suppose the firm in Problem 3 had 90,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share figure?
9. Calculating Additions to NWC [ LO4 ] The 2014 balance sheet of Steelo, Inc., showed current assets of $ 4,630 and current liabilities of $ 2,190. The 2015 balance sheet showed current assets of $ 5,180 and current liabilities of $ 2,830. What was the company’ s 2015 change in net working capital, or NWC?
Ch. 2: Questions 4 & 9( Questions and Problems section): Microsoft ® Excel ® template provided for Problem 4.
Building an Income Statement [ LO1 ] Billy’ s Exterminators, Inc., has sales of $ 817,000, costs of $ 343,000, depreciation expense of $ 51,000, interest expense of $ 38,000, and a tax rate of 35 percent. What is the net income for this firm?
3. Dividends and Retained Earnings [ LO1 ] Suppose the firm in Problem 2 paid out $ 95,000 in cash dividends. What is the addition to retained earnings?
4. Per-Share Earnings and Dividends [ LO1 ] Suppose the firm in Problem 3 had 90,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share figure?
9. Calculating Additions to NWC [ LO4 ] The 2014 balance sheet of Steelo, Inc., showed current assets of $ 4,630 and current liabilities of $ 2,190. The 2015 balance sheet showed current assets of $ 5,180 and current liabilities of $ 2,830. What was the company’ s 2015 change in net working capital, or NWC?