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Brown Office Supplies recently reported $16,000 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9.000 of bonds outstanding
Brown Office Supplies recently reported $16,000 of sales, $8,250 of operating costs other than depreciation, and $1,750 of depreciation. It had $9.000 of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 40%. How much was the firm's earnings before taxes (EBT)? 2. $5,370 b. $6,122 O C. $6,551 d. $4,994 Brown Fashions Inc.'s December 31, 2014 balance sheet showed total common equity of $4.050,000 and 220,000 shares of stock outstanding. During 2015, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/45, assuming no common stock was either issued or retired during 2015? (Round your final answer to two decimal places.) O a $15.20 b. $19.00 O c. $20.00 O d. $22.40 $24.20
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