Question
The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $781,000, interest expense = $250,000, and taxes = $185,850. The
- The Fitness Studio, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $781,000, interest expense = $250,000, and taxes = $185,850. 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?
2 . You are evaluating the balance sheet for Goodman's Bees Corporation. From the balance sheet you find the following balances: cash and marketable securities = $610,000, accounts receivable = $1,700,000, inventory = $1,400,000, accrued wages and taxes = $640,000, accounts payable = $940,000, and notes payable = $740,000.
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?
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