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The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next years, and the notes payable will be rolled over.
Balance Sheet Millions of $
Assets
Cash and securities
$
Accounts receivable
Inventories
Total current assets
$
Net plant and equipment
$
Total assets
$
Liabilities and Equity
Accounts payable
$
Accruals
Notes payable
Total current liabilities
$
Longterm bonds
$
Total liabilities
$
Common stock
$
Retained earnings
Total common equity
$
Total liabilities and equity
$
Income Statement Millions of $
Net sales
$
Operating costs except depreciation
Depreciation
Earnings before interest and taxes EBIT
$
Less interest
Earnings before taxes EBT
$
Taxes
Net income
$
Other data:
Shares outstanding millions
Common dividends millions of $
$
Int. rate on notes payable & LT bonds
Federal plus state income tax rate
Yearend stock price
$
Refer to Exhibit What is the firm's dividends per share? Do not round your intermediate calculations.
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