Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. Gallagher's Furniture has sales of $811.000, costs of $658,000, and interest paid of $21,800. The depreciation expense is $56,100 and the tax rate is
2. Gallagher's Furniture has sales of $811.000, costs of $658,000, and interest paid of $21,800. The depreciation expense is $56,100 and the tax rate is 34 percent. At the beginning of the year, the firm had retained camnings of $318,300. At the end of the year, the firm has retained earnings of $322,500. 2a (4 points) What is the net income of the company? 25 (4 points) What is the operating cash flow? 2c (4 points) What is the increase of retained earnings for this year? What is the amount of the dividends paid? 20 (2 points) Suppose the firm had 20,000 shares of common stock, what is the firm's Earnings per Share? Ze (3 points) If the firm has a current stock price of $95. What is the Price-earnings (P/E) ratio of the company? Based on the firm's P/E information, how do you think this firm's growth potential
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started