Question
You are given the following information for Smashville, Inc. Cost of goods sold: $ 209,000 Investment income: $ 2,100 Net sales: $ 392,000 Operating expense:
You are given the following information for Smashville, Inc.
Cost of goods sold: $ 209,000
Investment income: $ 2,100
Net sales: $ 392,000
Operating expense: $ 90,000
Interest expense: $ 7,400
Dividends: $ 14,000
Tax rate: 35 %
Current liabilities: $ 22,000
Cash: $ 21,000
Long-term debt: $ 27,000
Other assets: $ 37,000
Fixed assets: $ 128,000
Other liabilities: $ 5,000
Investments: $ 41,000
Operating assets: $ 35,000
During the year, Smashville, Inc., had 25,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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