4000,000 1. You have been given the following information for Honey Bee Corp. a. Net sales - $32,000,000; b. Gross profit = $14,000,000; c. SG&A (selling, general & administration) expenses = $4,000,000; 14000000 d. Addition to retained earnings - $1,800,000; e. Dividends paid to preferred stockholders = $1,200,000; f. Dividends paid to common stockholders = $800,000; 180,00 g. Depreciation expense = $2,800,000 2,800,000 h. Number of common shares outstanding - 1,500,000 7/200,000 i. Corporate tax rate=25% -1/800,000 5,400,000 Net Income Calculate the earnings per share (EPS), dividend per share (DPS) and the total interest expense for HoneyBee Corp. 2. Use the following information to complete the balance sheet below; assume all sales are credit sales. Sales = $1,200,000 Current assets = $1,200,000 Current ratio = 2.4 times DSO-60 days Inventory turnover 1.5 times Total asset turnover=0.80 times Total debt to total assets ratio = 60% Operating margin = 30% Times interest earned (TIE) = 5 times Tax rate=30% Cash Accounts receivable s Inventory Current assets Current liabilities Long-term debt Total debt s s $ $ s Fixed assets $ Stockholders' equity Total assets Total liabilities & equity S Sales EBIT $ Interest Expense Net Income