Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses: EBIT - $779,000, Interest expense - $210,000, and taxes = $199,150. The

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses: EBIT - $779,000, Interest expense - $210,000, and taxes = $199,150. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2018 earnings per share. (Round your answer to 2 decimal places.) Earnings per share Tiggie's Dog Toys, Inc. reported a debt-to-equity ratio of 1.76 times at the end of 2018. If the firm's total debt at year-end was $26 million, how much equity does Tiggie's have on its balance sheet? (Enter your answer in millions of dollars rounded to 2 decimal places.) Total equity million You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $800,000, accounts receivable = $1,600,000, inventory = $2,100,000, accrued wages and taxes = $570,000, accounts payable - $870,000, and notes payable = $670,000. Calculate Goodman Bees' net working capital (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.) Net working capital Now Casello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $436,800, fixed assets of $551,200, current liabilities of $418,200, and long-term debt of $317,700. Calculate Casello's total stockholders' equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Total stockholders' equity

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

Strategies For Monetary Policy

Authors: John H. Cochrane, John B. Taylor

1st Edition

0817923748, 978-0817923747

More Books

Students also viewed these Finance questions