Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can you explain each step and how you get the missing with keeping the ShareEquations? Sales 100 % on credit 2,800,000 - Cost of Goods
Can you explain each step and how you get the missing with keeping the ShareEquations?
Sales 100 % on credit | 2,800,000 | |
- Cost of Goods Sold (COGS) | 1,900,000 | |
Gross Profit | ||
-Sales and administrative expenses | 60,000 | |
-Depreciation and Amortization (Dep & Amort) | 90,000 | |
Operating Profit (Earnings Before Interest and Taxes: EBIT) | ||
-Interest | 30,000 | |
-Other Expenses | 0 | |
EBT (Earnings Before Taxes) | ||
-Taxes (40%) Earnings After Taxes (EAT) = Net Income (NI) 7 | ||
Dividends for Preferred Stockholders | 0 | |
Earnings Available to common stockholders (net income) | ||
Common Shares outstanding (number of shares) | 100,000 | |
Earnings Per Share (EPS) | ||
Dividends for Commons Stockholders (amount) | ||
Dividend Per share (DPS) (20%) |
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