Reference no: EM131059179
Fyre, Inc., has sales of $625,000, costs of $260,000, depreciation expense of $79,000, interest expense of $43,000, and a tax rate of 35 percent. What is the net income for this firm?
Income statement
Sales $625,000
Less cost - 260,000
Less Depreciation - 79,000
Less interest expense. -43,000
$243,000
Less tax (243000*35%). -85,050
_________
Net income $157,950
Paid out. -$60,000
__________________________________
Addition to retained earnings $97,950
Suppose the firm had 40,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share figure?
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: Fyre, Inc., has sales of $625,000, costs of $260,000, depreciation expense of $79,000, interest expense of $43,000, and a tax rate of 35 percent. What is the net income for this firm? Suppose the firm had 40,000 shares of common stock outstanding. Wh..
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