13.4 A chemical processing firm is planning on adding a second polyethylene plant at another location. The financial information for the first project year is provided as follows: $1,500,000 Sales Manufacturing costs: Direct materials Direct labor Overhead Depreciation Operating expenses Equipment purchase Borrowing to finance equipment Increase in inventories Decrease in accounts receivable Increase in wages payable Decrease in notes payable Income taxes Interest payment on financing $150,000 $200,000 $100,000 $200,000 $150.000 $400,000 $200,000 $100.000 $20.000 $30,000 $40,000 $272.000 $20.000 (a) Compute the following for the firm: Current assets: S Current liabilities: S Working capital: $ Shareholders' equity: S (b) If the firm had a net income after taxes of $500,000, what are the earnings per share? (c) When the firm issued its common stock, what was the market price of the stock per share? firm is planning on adding a second polyethylene plant at Bit reiect vear is provided as 13.4 A chemical processing firm is planning on adding a second polyethylene plant at another location. The financial information for the first project year is provided as follows: $1,500,000 Sales Manufacturing costs: Direct materials Direct labor Overhead Depreciation Operating expenses Equipment purchase Borrowing to finance equipment Increase in inventories Decrease in accounts receivable Increase in wages payable Decrease in notes payable Income taxes Interest payment on financing $150,000 $200,000 $100,000 $200,000 $150.000 $400,000 $200,000 $100.000 $20.000 $30,000 $40,000 $272.000 $20.000 (a) Compute the following for the firm: Current assets: S Current liabilities: S Working capital: $ Shareholders' equity: S (b) If the firm had a net income after taxes of $500,000, what are the earnings per share? (c) When the firm issued its common stock, what was the market price of the stock per share? firm is planning on adding a second polyethylene plant at Bit reiect vear is provided as