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Question 4 2.86 pts STU Corp. had $46,000,000 in revenues (sales), $15,400,000 in Costs of Goods Sold (COGS), $5,900,000 in SG&A expenses, $4,300,000 in depreciation
Question 4 2.86 pts STU Corp. had $46,000,000 in revenues (sales), $15,400,000 in Costs of Goods Sold (COGS), $5,900,000 in SG&A expenses, $4,300,000 in depreciation expenses, $3,500,000 in interest expenses, and $2,200,000 in tax expenses. The firm held $36,900,000 in total assets, of which $2,000,000 were in cash or equivalent, $4,500,000 were in accounts receivable, and $5,600,000 were in inventories. $23,400,000 of the $36,900,000 in total assets were in shareholder's equity. What was the firm's average tax rate? 11% 13% 18% 21% Question 5 2.86 pts Same facts as above, and further assume that the company's shares are currently traded at $26.50, and the company currently has 1,600,000 shares outstanding. What is the company's earnings per share (EPS)? $8.34 $9.19 $4.24 c. We do not have sufficient information to answer this
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