Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts. Sales Revenue is $85000, General and admin expenses $7500, Interest expense $3500, Depreciation expense $5000, Preferred Stock dividends $500, Selling expense $4000, Cost of goods sold $50000. Calculate (a) cash flow from operations. (b) earnings available to common stockholders. (c) earnings per share.
Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts. Sales Revenue is $85000, General and admin expenses $7500, Interest expense $3500, Depreciation expense $5000, Preferred Stock dividends $500, Selling expense $4000, Cost of goods sold $50000. Calculate (a) cash flow from operations. (b) earnings available to common stockholders. (c) earnings per share.
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
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.8E: Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of...
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Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts.
Sales Revenue is $85000, General and admin expenses $7500, Interest expense $3500,
Calculate
(a) cash flow from operations.
(b) earnings available to common stockholders.
(c) earnings per share.
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