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Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not leasc any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of S) () Assets 2018 Cash and securities $5,000 Accounts receivable 12.500 Inventories 12.500 Total current assets $30,000 Net plant and equipment $20.000 $50.000 Total assets Liabilities and Equity Accounts payable Accruals Notes payable $11,040 4,960 7.000 Total current liabilities $23,000 Long-term bonds $12.000 Total liabilities $35,000 $4,200 Common stock 10.800 Retained earning Total common equity Total liabilities and equity $15,000 $50,000 Income Statement (Millions of S) Net sales 2018 $70,000 65,100 1.400 Operating costs except depreciation Depreciation Eamings before interest and taxes (EBIT) Less interest Eamings before taxes (EBT) $3,500 1.140 $2,360 944 Taxes Net income $1,416 Other data: 500.00 $495,60 Shares outstanding (millions) Common dividends (millions of $) $ Intrate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 6% 40% $33.98 Refer to Exhibit 4.1. What is the firm's dividends per share? Do not round your intermediate calculations. O a S0.99 ObS0.81 Oc S1.01 Od S1.16 O e. $0.94
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