You are given the following information for Smashville, Inc. Cost of goods sold: $259,000 Investment income: $3,100 Net sales: $402,000 Operating expense: $94,000 Interest expense: $7,400 Dividends: $11,000 Tax rate: 21 % Current liabilities: $20,000 Cash: $21,000 Long-term debt: $7,000 Other assets: $39,000 Fixed assets: $134,000 Other liabilities: $5,000 Investments: $15,000 Operating assets: $26,000 During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share
You are given the following information for Smashville, Inc. Cost of goods sold: $259,000 Investment income: $3,100 Net sales: $402,000 Operating expense: $94,000 Interest expense: $7,400 Dividends: $11,000 Tax rate: 21 % Current liabilities: $20,000 Cash: $21,000 Long-term debt: $7,000 Other assets: $39,000 Fixed assets: $134,000 Other liabilities: $5,000 Investments: $15,000 Operating assets: $26,000 During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You are given the following information for Smashville, Inc.
| Cost of goods sold: | $259,000 | |
| Investment income: | $3,100 | |
| Net sales: | $402,000 | |
| Operating expense: | $94,000 | |
| Interest expense: | $7,400 | |
| Dividends: | $11,000 | |
| Tax rate: | 21 | % |
| Current liabilities: | $20,000 |
| Cash: | $21,000 |
| Long-term debt: | $7,000 |
| Other assets: | $39,000 |
| Fixed assets: | $134,000 |
| Other liabilities: | $5,000 |
| Investments: | $15,000 |
| Operating assets: | $26,000 |
During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share
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