Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer 1,3 and 4 QUESTIONS AND PROBLEMS BASIC (Questions X 1 Building a Balance Sheet L01] Wims, Inc., has current assets of $4.900, net

please answer 1,3 and 4 image text in transcribed
QUESTIONS AND PROBLEMS BASIC (Questions X 1 Building a Balance Sheet L01] Wims, Inc., has current assets of $4.900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,200. What is the value of the shareholders' equity account for this firm? How much is net working capital? 2. Building an Income Statement [L01] Griffin's Goat Farm, Inc., has sales of $796,000, costs of $327,000, depreciation expense of $42,000, interest expense of $34,000, and a tax rate of 21 percent. What is the net income for this firm? 3. Dividends and Retained Earnings [LOL] Suppose the firm in Problem 2 paid out $95,000 in cash dividends. What is the addition to retained earnings? 4. Per-Share Earnings and Dividends [L01] Suppose the firm in Problem 3 had 80,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share figure? 5. Calculating OCF [LO4] Pompeii, Inc., has sales of $46,200, costs of $23,100, depre- X X x

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Business Credit Handbook

Authors: Mr. Reid A. Nunn

1st Edition

1500542725, 978-1500542726

More Books

Students also viewed these Finance questions

Question

In what areas of applying EI do I most need to improve?

Answered: 1 week ago