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Daly Company has the following information for 2008. Cost of goods sold $88 million Dividend per share $0.20 Earnings before interest and taxes $13 million
Daly Company has the following information for 2008.
| Cost of goods sold | $88 million |
| Dividend per share | $0.20 |
| Earnings before interest and taxes | $13 million |
| Income tax rate | 35% |
| Interest expense (at average interest rate 10%) | $1 million |
| Inventory turnover ratio | 5 |
| No of shares | 5 million |
| Price per share | $13 |
| Weighted average cost of capital | 12% |
Find its Earnings per share and Interest coverage ratio
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