Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below is the balance sheet for 2020 and 2021 and the income statement for 2021 for some company. Use the information to answer the questions

image text in transcribedimage text in transcribedimage text in transcribedBelow is the balance sheet for 2020 and 2021 and the income statement for 2021 for some company. Use the information to answer the questions below.

Below is the balance sheet for 2020 and 2021 and the income statement for 2021 for some company. Use the information to answer the questions below. \begin{tabular}{lcc} B. Income Statement - 2021 & & \\ \hline Sales & & \\ COGS & $506,454 & \\ EBITDA & & $359,328 \\ Depreciation/Amortization & & $44,463 \\ EBIT & $102,663 & \\ Interest Expense & & $19,683 \\ Taxable Income & $82,980 & \\ Taxes (25\%) & & $20,745 \\ Net Income & $62,235 & \\ & & \\ Dividends & $25,000 & \\ Retained Earnings & $37,235 & \\ \hline \end{tabular} 8. Construct the Dupont identity. 9. Suppose this company has 20,000 shares outstanding and the price of the stock is $58 at the end of 2021. i. What is the price-earnings ratio? ii. What are the dividends per share? iii. What is the market-to-book ratio at the end of 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Brilliant Book Keeping How To Keep Your Business Efficient And Cost Effective

Authors: Martin Quinn

1st Edition

0273731785,0273746707

More Books

Students also viewed these Finance questions

Question

In a healthy firm, net working capital is usually:

Answered: 1 week ago