The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022,while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are inthousands of dollars.202114.500RevenueCoat of goods soldDepreciationInventoriesAdministrative expensesInterest expenseFederal and state taxeAccounts payableAccounts receivableSet fixed assetsLong-term debNotes payableDividends paidCash and marketable securities*Taxes are paid in their entirety in the year that the tax obligation is incurred.Earnings per share202148005302504401005602004205,8002,0007003708102022$4,90020221,900550310490160550*Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.Suppose that Fincorp has 575,000 shares outstanding. What were earnings per share in 2022?Note: Round your answers to 2 decimal places.3604906,5003,150510azo490

The Earning per share is computed so as to determine the corporate value, it shows how much money a…

The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are in thousands of dollars. Revenue Coat of goods sold Depreciation Inventories Ministrative aspenses Interest expense Federal and state ta Accounts payable Accounts receivable Set fined at Long-term det Notes payable Dividends paid Cash and marketable securities *Taxes are paid in their entirety in the year that the tax obligation is incurred. 14.000 1.800 530 Earnings per share 2021 200 440 160 140 300 420 4,000 2.000 700 370 810 2022 2022 $4900 1.900 550 310 400 140 550 360 400 *Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 575,000 shares outstanding. What were earnings per share in 2022? Note: Round your answers to 2 decimal places. 6,500 2,150 $10 370 400

The table below contains data on Fincorp Incorporated. The balance sheet items correspond to values at year-end 2021 and 2022, while the income statement items correspond to revenues or expenses during the year ended 2021 and 2022. All values are in thousands of dollars. Revenue Coat of goods sold Depreciation Inventories Ministrative aspenses Interest expense Federal and state ta Accounts payable Accounts receivable Set fined at Long-term det Notes payable Dividends paid Cash and marketable securities Taxes are paid in their entirety in the year that the tax obligation is incurred. 14.000 1.800 530 Earnings per share 2021 200 440 160 140 300 420 4,000 2.000 700 370 810 2022 2022 $4900 1.900 550 310 400 140 550 360 400 Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 575,000 shares outstanding. What were earnings per share in 2022? Note: Round your answers to 2 decimal places. 6,500 2,150 $10 370 400

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 12P

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