The balance sheet and income statement shown below are for Koski Inc. Note that the firm...
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The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income $ 3,500 17,500 21,000 2021 $ 42,000 28,000 $ 70,000 $ 19,800 10,200 8,000 $ 38,000 11,000 $ 49,000 6,300 14,700 $ 21,000 $ 70,000 2021 $112,000 104,160 2,240 5,600 1,140 $ 4,460 $ $ 1,115 3,345 Other data: Shares outstanding (millions) Common dividends (millions of $) Int. rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price What is the firm's EPS? Do not round your intermediate calculations. 500.00 $1,170.75 6% 25% $80.28 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income $ 3,500 17,500 21,000 2021 $ 42,000 28,000 $ 70,000 $ 19,800 10,200 8,000 $ 38,000 11,000 $ 49,000 6,300 14,700 $ 21,000 $ 70,000 2021 $112,000 104,160 2,240 5,600 1,140 $ 4,460 $ $ 1,115 3,345 Other data: Shares outstanding (millions) Common dividends (millions of $) Int. rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price What is the firm's EPS? Do not round your intermediate calculations. 500.00 $1,170.75 6% 25% $80.28
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To calculate the firms Earnings Per Share EPS we need to divide the net incom... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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