The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.Balance Sheet (Millions of $)AssetsCash and securitiesAccounts receivableInventoriesTotal current assetsNet plant and equipmentTotal assetsLiabilities and EquityAccounts payableAccrualsNotes payableTotal current liabilitiesLong-term bondsTotal liabilitiesCommon stockRetained earningsTotal common equityTotal liabilities and equityIncome Statement (Millions of $)Net salesOperating costs except depreciationDepreciationEarnings before interest and taxes (EBIT)Less interestEarnings before taxes (EBT)Taxes (25%)Net incomeооa. $2.50b. $7.14c. $1.872021d. $4.64e. $9.52$ 4,20017,50020,300$ 42,00028,000$ 70,000$ 27,53112,3695,000$ 44,9009,000$ 53,9003,86412,236$ 16,100$ 70,000Other data:Shares outstanding (millions)Common dividends (millions of $)Int. rate on notes payable & L-T bondsFederal plus state income tax rateYear-end stock priceWhat is the firm's dividends per share? Do not round your intermediate calculations.2021$112,000104,1602,240$ 5,600840$ 4,7601,190$ 3,570500.00$1,249.506%25%$85.68

Dividend per share is to be calculated by total dividends as the numerator and outstanding shares as…

Answered: The balance sheet and income statement…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Acco nts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income 2021 $ 3,000 15,000 18,000 $36,000 24,000 $60,000 $20,100 9,900 7,000 $37,000 11,000 $48,000 2,520 9,480 $12,000 $60,000 2021 $96,000 89,280 1,920 $ 4,800 1,080 $ 3,720 930 $ 2,790 Other data: Shares…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income Other data: Shares outstanding (millions) Common dividends (millions of $) 2021 $4,200 17,500 20,300 $ 42,000 28,000 $ 70,000 $ 27,531 12,369 5,000 $ 44,900 9,000 $ 53,900 3,864 12,236 $ 16,100 $ 70,000…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends (millions of $) Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2019 O c. 4.85% O d. 5.00% O e. 6.05%…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income $ 4,200 17,500 20,300 $ 42,000 28,000 $ 70,000 2021 $ 27,531 12,369 5,000 $ 44,900 9,000 $ 53,900 3,864 12,236 $ 16,100 $ 70,000 2021 $112,000 104,160 2,240 $ 5,600 840 $ 4,760 1,190 3,570 $ Other data:…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends (millions of $) Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2019 $4,200 17,500 20,300 $42,000…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends (millions of $) Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price 2019 $4,200 17,500 20,300 $42,000…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Op costs except de reciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income Other data: Shares outstanding (millions) Common dividends (millions of $) 2021 $ 4,200 17,500 20,300 $ 42,000 28,000 $ 70,000 $ 27,531 12,369 5,000 $ 44,900 9,000 $ 53,900 3,864 12,236 $ 16,100 $ 70,000 2021…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 6,300 Accounts receivable 17,500 Inventories 18,200 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 24,024 Accruals 12,376 Notes payable 5,000 Total current liabilities $ 41,400 Long-term bonds 9,000 Total liabilities $ 50,400 Common stock 4,116 Retained earnings 15,484 Total common equity $ 19,600 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 84,000 Operating costs except depreciation 78,120 Depreciation…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets,none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.Balance Sheet (Millions of $) 2021AssetsCash and securities $ 4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and EquityAccounts payable $ 27,531 Accruals 12,369 Notes payable 5,000 Total current liabilities $ 44,900 Long-term bonds 9,000 Total liabilities $ 53,900 Common stock 3,864 Retained earnings 12,236 Total common equity $ 16,100 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021Net sales $112,000 Operating costs except depreciation 104,160 Depreciation 2,240 Earnings before interest and taxes (EBIT) $ 5,600 Less interest 840 Earnings before taxes (EBT) $ 4,760 Taxes (25%) 1,190 Net income $ 3,570 Other data:…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 4,900 Accounts receivable 17,500 Inventories 19,600 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 23,973 Accruals 15,327 Notes payable 7,000 Total current liabilities $ 46,300 Long-term bonds 9,000 Total liabilities $ 55,300 Common stock 4,410 Retained earnings 10,290 Total common equity $ 14,700 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 126,000 Operating costs except depreciation 117,180 Depreciation…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity Income Statement (Millions of $) Net sales Operating costs cept depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes (25%) Net income Other data: Shares outstanding (millions) Common dividends (millions of $) 2021 $ 4,200 15,000 16,800 $36,000 24,000 $60,000 $17,664 9,936 8,000 $35,600 10,000 $45,600 4,032 10,368 $14,400 $60,000 2021…
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 4,200 Accounts receivable 17,500 Inventories 20,300 Total current assets $ 42,000 Net plant and equipment 28,000 Total assets $ 70,000 Liabilities and Equity Accounts payable $ 27,531 Accruals 12,369 Notes payable 5,000 Total current liabilities $ 44,900 Long-term bonds 9,000 Total liabilities $ 53,900 Common stock 3,864 Retained earnings 12,236 Total common equity $ 16,100 Total liabilities and equity $ 70,000 Income Statement (Millions of $) 2021 Net sales $ 112,000 Operating costs except depreciation 104,160 Depreciation…

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