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(Working with the income statement) At the end of its third year of operations, the Sandifor Manufacturing Co. had $4,560,000 in revenues, $3,302,000 in cost

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(Working with the income statement) At the end of its third year of operations, the Sandifor Manufacturing Co. had $4,560,000 in revenues, $3,302,000 in cost of goods sold, 5449,000 in operating expenses which included depreciation expense of $145,000, and a tax liability equal to 34 percent of the firm's taxable incomo Sandifer Manufacturing Co. plans to reinvest $53,000 of its earnings back into the firm. What does this plan leave for the payment of a cash dividend to Sandifor's stockholders? Complete the income statement for Sandifor Manufacturing Co.: (Round to the nearest dollar.) Revenues - $ Less: Cost of Goods Sold = $ Equals: Gross Profit $ Less: Operating Expenses - $ Equals: Net Operating Income = $ Less: Interest Expense - $ 0 Equals: Earnings before Taxes $ Less: Income Taxes = $ Equals: Net Income $ (Working with the income statement) If the Marifold Steel Fabrication Company camed $493,000 in net income and paid a cash dividend of $294,000 to its stockholders, what are the firm's eamings per share if the firm has 107,000 shares of stock outstanding? The company's earnings per share are $ . (Round to the nearest cent.)

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