Hijab Alisha company has financial data for 2021 as follows:Calculate the firm's earnings available to common shareholders for 2021 and what is the net profit after tax for 2021 Sales revenue$3,060Cost of goods sold$1,800Accounts receivable500Preferred stock dividends18Interest expenseTotal operating expensesAccounts payable126Tax rate40%600Number of shares of common1,000240stocks outstanding

Earnings available to common shareholders is the company's net profit minus the amount of preferred…

Answered: Hijab Alisha company has financial data…

Hijab Alisha company has financial data for 2021 as follows: Calculate the firm's earnings available to common shareholders for 2021 and what is the net profit after tax for 2021

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.20P

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Question

Hijab Alisha company has financial data for 2021 as follows: Calculate the firm's earnings available to common shareholders for 2021 and what is the net profit after tax for 2021

Sales revenue
$3,060
Cost of goods sold
$1,800
Accounts receivable
500
Preferred stock dividends
18
Interest expense
Total operating expenses
Accounts payable
126
Tax rate
40%
600
Number of shares of common
1,000
240
stocks outstanding

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