Question
For the most recent year, Seether, Inc., had sales of $450,000, cost of goods sold of $218,100, depreciation expense of $57,800, and additions to retained
For the most recent year, Seether, Inc., had sales of $450,000, cost of goods sold of $218,100, depreciation expense of $57,800, and additions to retained earnings of $50,000. The firm currently has 35,000 shares of common stock outstanding, and the previous years dividends per share were $1.25. The income tax rate is 34 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
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