Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a. A firm has 146.3 million ($146,300,000) in Net Income and $75 million ($75,000,000) in common shares outstanding, $86.3 million in dividends to shareholders and
a. A firm has 146.3 million ($146,300,000) in Net Income and $75 million ($75,000,000) in common shares outstanding, $86.3 million in dividends to shareholders and $940 million in total common equity. i. What is the firm's earnings per share? ($1.95) ii. What is the firm's dividends per share ($1.15) iii. What is the firm's book value per share ($12.53) b. A firm has $3,000 million in Net sales and total operating costs (cost of goods sold and other operating expenses) was $2,622 million. Depreciation Expense was $100 million. Interest Expense is $83 million and the firm has a tax rate of 25%. i. Solve for the firm's EBIT ($278 million) ii. How much did the firm pay in taxes? ($48.8 million) iii. Solve for the firm's Net Income ($146.3 million)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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