6) Savron Corporation had the following situation in 2016: Sales S 250.000 Costs 18,000 Depreciation 32,000 Common dividends paid 50,000 Net operating working capital in 2015 3,000 Net operating working capital in 2016 - 4,000 Net fixed assets in 2015 81,000 Net fixed assets in 2016 109,000 The firm has a total of $400,000 of liabilities on which it pays an annual interest rate of 12%. Savron has a corporate tax rate of 40%. a) Set up the 2016 income statement for Savron Corp. b) If Savron's Earnings per Share (EPS) in 2016 was $1.50, how many shares of common stock Net Income does Savron have outstanding? {Note that EPS > Number of shares of common stock 6) Savron Corporation had the following situation in 2016: Sales S 250.000 Costs 18,000 Depreciation 32,000 Common dividends paid 50,000 Net operating working capital in 2015 3,000 Net operating working capital in 2016 - 4,000 Net fixed assets in 2015 81,000 Net fixed assets in 2016 109,000 The firm has a total of $400,000 of liabilities on which it pays an annual interest rate of 12%. Savron has a corporate tax rate of 40%. a) Set up the 2016 income statement for Savron Corp. b) If Savron's Earnings per Share (EPS) in 2016 was $1.50, how many shares of common stock Net Income does Savron have outstanding? {Note that EPS > Number of shares of common stock