1.

Allen Lumber Company had earnings after taxes of $510,000 in the year 2020 with 450,000 shares outstanding on December 31, 2020. On January 1, 2021, the firm issued 30,000 new shares. The company took the proceeds from these new shares as well as other operating improvements and earned $617,100 earnings after taxes in 2021. Earnings per share for the year 2021 were

Note: Round your answer to 2 decimal places.

2. A firm has $4,410,000 in its common stock account and $44,100,000 in its paid in capital account. The firm issued 490,000 shares of common stock. What was the issue price (market value) if only one stock issuance has occurred?

3.

Given the following, what is free cash flow?

Cash flow from operating activities	$ 189,000
Cash flow from investing activities	$ 160,000
Cash flow from financing activities	$ 52,900
Building purchases	$ 45,000
Dividends Paid	$ 35,000

4 Gerry Company has a gross profit of $830,000 and depreciation expense of $310,000. Selling and administrative expense is $128,000. Given that the tax rate is 36 percent, compute the cash flow from operations for Gerry Company

5. firm with earnings per share of $8 and a price-earnings (P/E) ratio of 14 will have a stock market price of

6Assuming a tax rate of 21%, depreciation expenses of $540,000 will

7 Candy Company had sales of $240,000 and cost of goods sold of $117,600. What is the gross profit margin (ratio of gross profit to sales)?

8. . Elgin Battery Manufacturers had sales of $860,000 in 2021 and their cost of goods sold is 533,200. Selling and administrative expenses were 77,400. Depreciation expense was $18,000 and interest expense for the year was $13,000. The firm's tax rate is 26 percent. What is the dollar amount of taxes paid in 2021?

9. Assuming a tax rate of 44%, the after-tax cost of a $204,000 dividend payment is