Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exhibit 1 Condensed Operating and Stockholder Information, Robertson Tool Company (millions of dollars except per-share data) 1998 1999 2000 2001 2002 Operations Sales $

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Exhibit 1 Condensed Operating and Stockholder Information, Robertson Tool Company (millions of dollars except per-share data) 1998 1999 2000 2001 2002 Operations Sales $ 48.5 $ 49.1 $ 53.7 $54.8 $55.3 Cost of Goods 32.6 33.1 35.9 37.2 37.9 Selling, General and Administrative Costs 10.7 11.1 11.5 11.9 Depreciation Expense 2.0 2.3 2.4 2.3 Interest Expense .4 7 .8 .8 Income Before Taxes 2.8 1.9 3.1 2.6 Taxes 1.1 .8 1.2 1.0 Net Income $ 1.7 $1.1 $ 1.9 $ 1.6 $ 1.3 Percentage of Sales Cost of Goods 67% 67% 67% 68% Sell, Gen'l, Admin. 22% 23% 21% 22% 12.3 Operating Income 6.6% 5.3% 7.3% 6.2% 5.4% Stockholder Information Earnings per Share $ 2.91 $ 1.88 $3.25 $ 2.74 $2.23 Dividends per Share 1.60 1.60 1.60 1.60 1.60 Book Value per Share 49.40 49.68 51.33 52.47 53.10 Market Price 33-46 35-48 29-41 25-33 23-32 Price/Earnings Ratio Shares Outstanding 11-16 10-26 9-13 9-12 10-14 584,000 584,000 584,000 584,000 584,000

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

College Accounting Chapters 1-15

Authors: James Heintz

21st Edition

1285624815, 9781285624815

More Books

Students also viewed these Accounting questions