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Just questions 5 & 7 Chapter 2 Workshee Problems During the year 2012, Yung.com had sales of $1000, costs of goods sold of $400, depreciation
Just questions 5 & 7
Chapter 2 Workshee Problems During the year 2012, Yung.com had sales of $1000, costs of goods sold of $400, depreciation of $100, and interest paid of $150. If the tax rate is 34% and all taxes are paid currently, what is net income? 1. 2. Refer to Problem 1. Assume Yung.com has 100 shares of common stock outstanding at the end of 2012. Total dividends paid were $120. Compute earnings per share (EPS) and dividends per share Balance Sheet Current Assets Cash Marketbale securities Accounts receivable Inventory 2011 2012 500 $ 400 $ 900 $ 1,800 $ 2,000 3,60O Total Current Assets 390 Fxed Assets Net plant & equipment $ 6,000 $ 9,900 2011 $ 8,000 Total Assets $ 11,600 Current Liabilities Accounts payable Notes payable 2012 $ 2400 $ 1,200 s 3600 $2,000 $ 1,600 $ 3,600 Total Current Liabilities Long-Term Debt $ 3000 $ 6,600 $ 2800 $ 6400 Total Liabilities Stockholder's Equity Total Liabilities & Equiy $3300 9,900 $ 5,200 11,600 3. Based on the information in Problem 1, what is Yung.com's operating cash flow for 2012Step by Step Solution
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