You are given the tollowing intormation tor Smashville, Inc. Cost of goods sold:

Question

You are given the tollowing intormation tor Smashville, Inc. Cost of goods sold: Investment income Net sales: Operating expense: Interest expense: Dividends: Tax rate: $224,000 $ 2,400 $389,000 $ 90,000 $ 7,400 15,000 35% Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 24,000 21,000 $ 24,000 40,000 $136,000 $ 5,000 $44,000 37,000 During the year, Smashville, Inc., had 24,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Book value per share Earnings per share Cash flow per share

Explanation / Answer

Net Sales 389000 Cost of Goods sold 224000 Gros Profit 165000 Operating Expense 90000 Operating income 75000 Investment income 2400 Interest expense 7400 Pretax income 70000 Income taxes 391700*35% 24500 Net income 45500 Cash 21000 Other Assets 40000 FA 136000 Investment 44000 Operating Assets 37000 Total Assets 278000 Current Liabilities 24000 Long term debt 24000 Other Liabilities 5000 Total Liabilitie 53000 Sharholder Equity =278000-53000 225000 Book value per Share =Sharholder Equity/no of shares =225000/24000 9.38 EPS=Net inome/no of shares =45500/24000 1.90 CFPS = ($45,500+ 24,000) / 24,000 2.52

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