has the following accounts and financial data for Sales = 30000 Cost of g Accounts payable = 500 Accounts ber of shares of Common stocks = 1000 Preferred st operating expenses = 700 Interes

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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A firm has the following accounts and financial data for
2020:
Sales = 30000
Cost of goods sold = 3000
Accounts payable = 500
Accounts receivables = 100
Number of shares of Common stocks = 1000 Preferred stock dividends = 95
operating expenses = 700
Interest expense=200
Tax rate = 25%
Current liability = 1000
PRICE IS 7
What is the firm's earnings available to common
shareholders for 2020?
WHAT IS THE P/E RATIO?
WHAT IS THE EPS
Transcribed Image Text:A firm has the following accounts and financial data for 2020: Sales = 30000 Cost of goods sold = 3000 Accounts payable = 500 Accounts receivables = 100 Number of shares of Common stocks = 1000 Preferred stock dividends = 95 operating expenses = 700 Interest expense=200 Tax rate = 25% Current liability = 1000 PRICE IS 7 What is the firm's earnings available to common shareholders for 2020? WHAT IS THE P/E RATIO? WHAT IS THE EPS
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