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Short Answer: Accounting (15 Points) Part A: Below are some of the components for Prufrock Corp.'s income statement for the year ending December 31st, 2016.
Short Answer: Accounting (15 Points) Part A: Below are some of the components for Prufrock Corp.'s income statement for the year ending December 31st, 2016. Use the values to fill in the income statement and calculate the net income. There may be more lines required than necessary and all values are given in millions of dollars. (8 points) Interest paid = $700 Depreciation = $500 Sales = $50,000 Tax rate = 21% Cost of goods sold = $6,000 Income Statement Earnings Before Interest and taxes (EBIT) Part B: If Prufrock Corp. had 4,000 million shares outstanding on December 31st, 2016. Calculate their earnings per share Net Income | Shares Outs tan ding ) (4 points) Part C: If Prufrock Corp. paid out 12 billion dollars in cash dividends, how much was added to retained earnings? (3 points)
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