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Financial management help!!?

ABC Corp. provides you with the following data: Sales: $500,000; Operating profit: $300,000; Interest expense: $25,000; Net Income: $100,000; Common stock (par): $10,000; Paid-in capital in exces of par: $210,000; total number of common shares outstanding: 10,000.

a. Given the above (and asuming no flotation costs) what was the price of a share of common stock when it was sold? (8 points)

b. Assuming no preferred stock, what was the EPS?

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On February 22, 2010 (the real Washington's Birthday!) you company bought office furniture for thirty two thousand dollars. What would be the dollar value of depreciation your company could take in the following years assuming they use MACRS:

a. 2009

b. 2011

c. 2012

d. 2017

e. 2018

1 Answer

Relevance
  • Don G
    Lv 7
    5 years ago
    Favorite Answer

    a. 22.00

    b. 10.00

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