The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $ 4,100 $ 4,200 Cost of goods sold 1,700 1,800 Depreciation 470 490 Inventories 270 335 Administrative expenses 520 570 Interest expense 240 240 Federal and state taxes* 340 360 Accounts payable 320 355 Accounts receivable 350 395 Net fixed assets† 4,800 5,540 Long-term debt 2,400 2,860 Notes payable 687 540 Dividends paid 380 380 Cash and marketable securities 760 480 * Taxes are paid in their entirety in the year that the tax obligation is incurred. † Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 509,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.)
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 Revenue $ 4,100 $ 4,200 Cost of goods sold 1,700 1,800 Depreciation 470 490 Inventories 270 335 Administrative expenses 520 570 Interest expense 240 240 Federal and state taxes* 340 360 Accounts payable 320 355 Accounts receivable 350 395 Net fixed assets† 4,800 5,540 Long-term debt 2,400 2,860 Notes payable 687 540 Dividends paid 380 380 Cash and marketable securities 760 480 * Taxes are paid in their entirety in the year that the tax obligation is incurred. † Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 509,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars.
2018 | 2019 | |||||
Revenue | $ |
4,100 |
$ | 4,200 | ||
Cost of goods sold |
1,700 |
1,800 | ||||
470 | 490 | |||||
Inventories | 270 | 335 | ||||
Administrative expenses | 520 | 570 | ||||
Interest expense | 240 | 240 | ||||
Federal and state taxes* | 340 | 360 | ||||
Accounts payable | 320 | 355 | ||||
350 | 395 | |||||
Net fixed assets† | 4,800 | 5,540 | ||||
Long-term debt | 2,400 | 2,860 | ||||
Notes payable | 687 | 540 | ||||
Dividends paid | 380 | 380 | ||||
Cash and marketable securities | 760 | 480 | ||||
* Taxes are paid in their entirety in the year that the tax obligation is incurred.
† Net fixed assets are fixed assets net of
Suppose that Fincorp has 509,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.)
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