1. At the end of last year a company had 12 million shares ($2.50 par value) outstanding total owners equity 96 million. Net income in the past year was $25 million, and 11.5 million shares were outstanding on average during the year.

(a) Calculate the companys book value per share at year-end

(b) Calculate the companys earnings per share for the year

2. use the information below: What is the

a. Income of White Inc.

b. Net Profit Margin

c. Tax Rate of White Inc,

d. Ending Retained Earnings

Income Statement White, INC.

For the year Ended December 31, 2012

SALES-------------------------$575,150

EBITDA------------------------- 78,272

Less DEPRECIATION-----------10,388

EBIT (EBITDA-DEPRECIATION) ----$

Interest charges-------------------------8,575

NET INCOME (EBIT- Interest) ------$

TAXES------------------------------24,923

NET INCOME-------------------------$

DIVIDENDS-------------------------$12,544

STATEMENT OF RETAINED EARNINGS:

Beginning Retained Earnings------$42,774

NET INCOME --------------------------$

Less Dividends-------------------------$12,544

Ending Retained Earnings-----------$