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I have attached my homework for this week. I just wanted someone to look over it and let me know if I'm doing everything right.
I have attached my homework for this week. I just wanted someone to look over it and let me know if I'm doing everything right. Thanks!
1. Gary's Pipe & Steel Company State of Economy Expected Sales Probability Expected Outcome Strong $ 800,000.00 0.2 $ 160,000.00 Steady $ 500,000.00 0.5 $ 250,000.00 Weak $ 350,000.00 0.3 $ 105,000.00 2.Sharpe Knife Company State of Economy Expected Sales Probability Expected Outcome Strong $ 1,550,000.00 0.3 $ 465,000.00 Steady $ 825,000.00 0.4 $ 330,000.00 Weak $ 550,000.00 0.3 $ 165,000.00 3.Tobin Supplies Company Sales $ 500,000.00 Profit Margin 0.12 Net Income $ 60,000.00 Dividens (40%) $ 24,000.00 Increase in Retained Earnings Increase in Assets Increase in Earnings EFN $ $ $ $ 36,000.00 90,000.00 36,000.00 54,000.00Step by Step Solution
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