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1. Griffins Goat Farm, Inc., has sales of $668,000, costs of $330,000, depreciation expense of $74,000, interest expense of $47,000, a tax rate of 21

1. Griffins Goat Farm, Inc., has sales of $668,000, costs of $330,000, depreciation expense of $74,000, interest expense of $47,000, a tax rate of 21 percent, and paid out $46,000 in cash dividends. The firm has 27,400 shares of common stock outstanding.

a.

What are the earnings per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.

What are the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

2.

Pompeii, Inc., has sales of $47,500, costs of $22,000, depreciation expense of $2,000, and interest expense of $1,750.

If the tax rate is 23 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.)

3.

Logano Driving Schools 2017 balance sheet showed net fixed assets of $4 million, and the 2018 balance sheet showed net fixed assets of $4.2 million. The companys 2018 income statement showed a depreciation expense of $350,000.

What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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