2. Building an income Statement Sidewinder, Inc., has sales of $634,000, cost of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a tax rate of 21%. What is the net income for this firm?   3. Dividends and Retained Earnings Suppose the firm in Problem 2 paid out $68,000 in cash dividends. What is the addition to retained earnings?   4. Per-Share Earnings and Dividends Suppose the firm in problem 3 had 35,000 shares of common stock outstanding. What is the earnings per share, or ES, figure? What is the dividends per share figure?

Butterfly Tractors had $15.50 million in sales last year. Cost of goods sold was $8.30 million, depreciation expense was $2.30 million, interest payment on outstanding debt was $1.30 million, and the firm’s tax rate was 21%. What was the firm’s net income? Note: Enter your answer in millions rounded to 2 decimal places. What was the firm’s cash flow? Note: Enter your answer in millions rounded to 2 decimal places.   What would happen to net income and cash flow if depreciation were increased by $1.30 million? Note: Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance. Would you expect the change in depreciation to have a positive or negative impact on the firm’s stock price? What would be the impact on net income if depreciation was $1 million and interest expense was $2 million? What would be the impact on cash flow if depreciation was $1.30 million and interest expense was $2.30 million? Note: Enter your…

What is the ROE for a firm with a times interest earned ratio of 2, a tax liability of $1 million, and interest expense of $1.68 million if equity equals $1.68 million? O 23.81% O 25.22% 33.60% 40 48% 21

A firm has net income of $21,350, depreciation of $2,780, interest of $640, and taxes of $10,990. The EBITDA multiple is 10.2. What is the value of the firm?