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AMCO Mfg. in 2018 had sales of $5,500,000, cost of goods sold of $2,725,000, SG&A expenses of $875,000, depreciation expense of $450,000, interest expense of
AMCO Mfg. in 2018 had sales of $5,500,000, cost of goods sold of $2,725,000, SG&A expenses of $875,000, depreciation expense of $450,000, interest expense of $225,000 and a tax rate of 25%. Its dividend payout ratio is 60% and it has 875,000 shares of common stock outstanding. On January 1, 2018 its net fixed assets were $2,750,000 and at December 31, 2018 net fixed asset were $2,950,000. Answer the following: 1) What is the 2018 net income? 2) What is the addition to retained earnings? 3) What is the earnings per share? 4) What is the dividends per share? 5) What is the operating cash flow/free cash flow? 6) What is the capital expenditures/spending during 2018
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