Question
Lindas Lights balance sheet info for the beginning of 2020: Owners Equity 27 million Bank Loan 10 million, 4.5% interest rate Fixed Assets 10 million
Lindas Lights balance sheet info for the beginning of 2020: Owners Equity 27 million Bank Loan 10 million, 4.5% interest rate Fixed Assets 10 million Inventory 23 million Cash 4 million Here are info for 2020: Purchased 220 thousand lamps for $100 each, sold them for $125 each Incurred additional operating costs of $2 million Purchased 5 trucks for $100,000 each Profits tax 15% No depreciation allowance Dividend payout ratio 30% Show your work in order to receive partial credit. 3 points each. If the company now issues 100,000 new shares what are book value and market value, each on a company basis and per-share basis.
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