= ili III Emphen Heading 1 Normal Strong Subtitle THE The balance sheet and income statement shown below are for Byrd Inc, and the data are to be used for questions 19 through 21. Note that the firm has no amortization charges, it does not lease any assets, and none of its debt must be retired during the next 5 years. BALANCE SHEET Cash Accts receivable Inventories Total current assets $ 140.0 880.0 1,320.0 $2,340.0 Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (50,000 shares) Retained earnings Total common equity Total liabilities & equity $ 800.0 600.0 400.0 $1,800.0 1,000.0 $2,800.0 200.0 1,000.0 $1,200.0 $4,000.0 Net plant & equip. Total assets 1,660.0 $4,000.0 INCOME STATEMENT Net sales Operating costs Depreciation EBIT Less: Interest $ 6,000.0 5,599.8 100.2 $ 300.0 96.0 $ 204.0 81.6 $ 122.4 EBT Less: Taxes Net income OTHER DATA Shares outstanding (millions) Common dividends Interest rate on N/P and long-term bonds Federal plus state income tax rate Year-end stock price 60.00 $42.8 6.0% 40% $30.60 What is the firm's EPS? $2.04 $2.11 $2.25 $2.39 $2.50 What is the firm's quick ratio? 0.25 0.33 0.41 0.49 0.57 What is the firm's dividends per share? $0.31 $0.41 $0.51 $0.61 $0.71 Calculate net income based on the following information. Sales are $250; Cost of goods sold is $160; Depreciation expense is $35; Interest paid is $20; and the tax rate is 34%. $11.90 $23.10 $35.00 $36.30 $46,20 MacBook Air