1. At the end of its third-year operations, Sadifer Manufacturing Co. had $18,000,000 in revenues; $10,800,000 in...

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1. At the end of its third-year operations, Sadifer Manufacturing Co. had $18,000,000 in revenues; $10,800,000 in cost of goods sold; $4,000,000 in operating expenses and had a tax liability equal to 35 percent of the firm’s taxable income. Interest expense is $1,500,000. What is the net income of the firm for the year?

2. Sandifer Manufacturing Co. plans to reinvest $1 million of its earnings back in the firm. What does this plan leave for the payment of a cash dividend to Sandifer stockholders?

3. If the Merrifield Steel Fabrication Company earned $500,000 in net income and paid a cash dividend of $300,000 to its stakeholders, what are the firm’s earning per share if the firms has 100,000 shares of stock outstanding?

Posted Date: Nov 07, 2021 03:53 AM

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1. At the end of its third-year operations, Sadifer Manufacturing Co. had $18,000,000 in revenues; $10,800,000 in...

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