Intro You've collected the following information about a company Value Line item Sales Costs Depreciation Interest The company's average tax rate is 13%. B Attempt 2/10 for 8 pts. Part 1 What is EBIT? Correct v EBIT = Sales - Costs - Depreciation = 160 - 30 - 10 = 120 Part 2 IS- Attempt 4/10 for 6 pts. What is net income? tecime Submit Intro You've collected the folowing information about a company Value 660 Line item Sales Costs Depreciation Interest 528 The company's average tax rate is 16% Part 1 Attempt 4/10 for 6 pts. Use Excel to find net income. What is net income (profit after taxes) for the year? No decimals Submit Intro Bubble Tree Inc, had a taxable income of $380,000 last year. Its average tax rate is 27% and it paid out $120,000 in dividends to preferred stockholders. The company has 16,000 shares of common stock outstanding. Part LB Attempt 1/10 for 10 pts. What were BubbleTree's earnings per share of common stock (EPS)? Correct EPS = Net income available to common shareholders / Number of shares outstanding Net income = Taxable income - Taxes = Taxable income * (1- tax rate) = 380,000 * (1-0.27) = 277,400 Net income available to common shareholders - Net income - Preferred dividends = 277,400 - 120,000 - 157,400 EPS = 157 400 / 16,000 = 9.84 Part 2 - Attempt 5/10 for 10 pts. If Bubble Tree pays out a dividend of $7.87 for each share of common stock, what are retained earnings? Submit Intro Minnesota Manufacturing's balance sheet showed total common equity of $3,000,000 and 600,000 shares of stock outstanding on 12/31/2015. During 2016, the firm had $640,000 of net income, and it paid out $150,000 in dividends. Part 1 JB Attempt 4/10 for 8 pts. What was the book value per share on 12/31/2016, assuming no common stock was issued or retired during 2016? 11+ decimals Submit Below is the balance sheet for Stieger Corp. The current stock price is $53 and there are 4,500 shares outstanding. Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets 10,000 2,000 6,000 32,000 50,000 34,000 80,000 114,000 164,000 Liabilities and Equity Accounts payable 16,000 Notes payable 6,000 Current liabilities 22,000 Long-term debt 95,000 Total liabilities 117,000 Paid-in capital 20,000 Retained earnings 27,000 Equity 47,000 Total liab. & equity 164,000 IB Attempt 1/10 for 10 pts. Part 1 What was the book value of equity? Ho decimal Submit 18 Attempt 1/10 for 10 pts. Part 2 What was the market value of equity? Subm
