Question
For the most recent year, Seether, Inc., had sales of $439,000, cost of goods sold of $219,200, depreciation expense of $58,900, and additions to retained
For the most recent year, Seether, Inc., had sales of $439,000, cost of goods sold of $219,200, depreciation expense of $58,900, and additions to retained earnings of $51,100. The firm currently has 24,000 shares of common stock outstanding, and the previous years dividends per share were $1.45. The income tax rate is 32 percent. What was the EBIT? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBIT $ How much in total dividends did the company pay? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Total dividends $ What was the company's net income? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net income $ What was the company's earnings before tax (EBT)? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBT $ What was the company's interest payment? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Interest $ What was the company's times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Times interest earned times
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