Amount ($)eDescriptionYear 2014Cost of goods sold300,000-Cash35,000-Depreciation65,000-Interest expense15,000Selling and administrative expenses55,000-Accounts payable60,000Net fixed assets325,000-Sales500,000Account receivable30,000-Notes payable25,000Long-term debt145,000-Inventory60,000-Equity (at the beginning of 2014)197,250-Additional informationTax rate30%Dividends payout50%-1. What is the net income after tax for 2014?2. What is the total dividends paid by the company in 2014?H3. What is the total retained earnings for 2014?<'4. What is the return on equity for 2014?5. What is the debt to equity ratio for 2014?

Name: Amount ($)eDescriptionYear 2014Cost of goods sold300,000-Cash35,000-D
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Description: Amount ($)eDescriptionYear 2014Cost of goods sold300,000-Cash35,000-Depreciation65,000-Interest expense15,000Selling and administrative expenses55,000-Accounts payable60,000Net fixed assets325,000-Sales500,000Account receivable30,000-Notes payable25

Business

Accounting

1. What is the net income after tax for 2014? 2. What is the total dividends paid by the company in 2014? 3. What is the total retained earnings for 2014?- 4. What is the return on equity for 2014? 5. What is the debt to equity ratio for 2014?“

1. What is the net income after tax for 2014? 2. What is the total dividends paid by the company in 2014? 3. What is the total retained earnings for 2014?- 4. What is the return on equity for 2014? 5. What is the debt to equity ratio for 2014?“

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.8E

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