Advertising expenditures 78,000 Cost of goods sold 2,433,000 Depreciation 78,000
ID: 2567151 • Letter: A
Question
Advertising expenditures 78,000
Cost of goods sold 2,433,000
Depreciation 78,000
Gross sales 3,210,000
Interest expenses 64,000
Lease payment 52,000
Management salary 240,000
Material purchase 2,425,000
R&D expenditures 35,000
Repair and maintenance costs 22,000
Returns and allowances 48,000
Taxes 51,000
Treasury stock 20,000
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Gross fixed assets 284,950
Inventory 136,500
Accrued expenses 11,850
Accumulated depreciation 82,310
Notes payable 32,570
Preferred stock 8,000
Retained earnings 89,280
Current portion of L-T debt 4,080
Long-term debt 134,300
Accounts receivable 105,770
Additional paid-in capital 71,600
Accounts payable 50830
Common stock ($0.50 par) 60,000
Cash & Equivalents ?
Marketable securities 20,500
——————————————
What is ZEBRA’ earnings per share in 2016?
Explanation / Answer
1) Calculation of ZEBRA's Earning per share in 2016 :
Total number of shares = $60,000 / $0.50
= 120,000 shares
Earning per share = Earnings available to share holders / Number of shares
= $109,000 / 120,000
= $0.91 per share
Particulars Amount($) Gross sales 3,210,000 Less : Cost of goods sold (2.433.000) Advertising expenses (78,000) Interest expenses (64,000) Lease payment (52,000) Management salaries (240,000) R&D Expenses (35,000) Returns & Allowances (48,000) Depreciation (78,000) Repairs & Maintenance (22,000) Taxes (51,000) Net profit $109,000Related Questions
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