Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Balance Sheet. Construct a balance sheet for Vikings Corp for 2013 and 2014. What is shareholder's equity? Working Capital. What was the change in net working capital during the year? Income Statement. Construct an income statement for 2013 and 2014. What were reinvested earnings for 2014? Earnings per Share. Suppose that Vikings Corp has 500,000 shares outstanding. What were earnings per share? Balance Sheet. Examine the values for depreciation in 2014 and net fixed assets in 2013 and 2014. What was the gross investment in property, plant, and equipment during 2014? Book value vs. Market value. Suppose that the market value (in thousands of dollars) of the fixed assets in 2014 is $6,000 and that the value of its long-term debt is only $2, 200. In addition, the consensus among investors is that Viking's past investments in developing the skills of employees are worth $2, 900. This investment of course does not show up on the balance sheet. What will be the price per share of Viking's stock? Income vs. Cash Flows. Construct a Statement of Cash Flows for 2014. Tax Rate. What was the firm's average tax rate for each year