Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Problem 19-4 Per-Share Ratios (LO3, CFA6)
You are given the following information for Smashville, Inc.
Cost of goods sold: | $249,000 | |
Investment income: | $2,900 | |
Net sales: | $394,000 | |
Operating expense: | $92,000 | |
Interest expense: | $7,400 | |
Dividends: | $13,000 | |
Tax rate: | 21 | % |
Current liabilities: | $22,000 |
Cash: | $21,000 |
Long-term debt: | $9,000 |
Other assets: | $37,000 |
Fixed assets: | $139,000 |
Other liabilities: | $5,000 |
Investments: | $13,000 |
Operating assets: | $49,000 |
During the year, Smashville, Inc., had 17,000 shares of stock outstanding and
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