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Matsumara Fishworks has the following Income statement and balance sheet for 1957. The firm paid out 50% of it's Net Income as Dividends. What is

Matsumara Fishworks has the following Income statement and balance sheet for 1957. The firm paid out 50% of it's Net Income as Dividends. What is the firms Cash Flow to Equity Holders?

(Round to nearest penny and do not enter commas, e.g. 1234.56)

1957 Income Statement
Revenue 175452
Costs 25457
Depreciation 18109
Ebit
Interest Expense 8895
Taxable Income
Tax Expense @ 22%
Net Income

1957 Balance Sheet
Year 1956 1957 1956 1957
Current Assets 17743 17918 Current Liabilities 13523 13787
Fixed Assets 142807 167840 Long-Term Debt 136665 157841
Common Stock 32854 36563

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