Question
For the most recent year, Seether, Inc., had sales of $447,000, cost of goods sold of $218,400, depreciation expense of $58,100, and additions to retained
For the most recent year, Seether, Inc., had sales of $447,000, cost of goods sold of $218,400, depreciation expense of $58,100, and additions to retained earnings of $50,300. The firm currently has 32,000 shares of common stock outstanding, and the previous years dividends per share were $1.35. The income tax rate is 30 percent. a) What was the EBIT? b) How much in total dividends did the company pay? c) What was the company's net income? d) What was the company's earnings before tax (EBT)?
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