FIN - If a company has sales of $3.5 million and expenses consist of cost of good

Question # 00025210 Posted By: expert-mustang Updated on: 09/05/2014 11:46 PM Due on: 09/06/2014
Subject Finance Topic Finance Tutorials:
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1. If a company has sales of $3.5 million and expenses consist of cost of good sold of $1 million, administrative expenses of $200,000, marketing expenses of $150,000, depreciation of $400,000, interest of $250,000, and dividends of $125,000, address the following questions for the year:

Assuming a tax rate of 30% and shares of stock outstanding of
1 million.....

What is net income?

What is earnings per share?

What is the operating cash flow?

2. Are financial managers the primary and perhaps the only "boundary setters"? Does this create potential corporate issues?
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Tutorials for this Question
  1. Tutorial # 00024580 Posted By: expert-mustang Posted on: 09/05/2014 11:48 PM
    Puchased By: 2
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    Attachments
    FIN_-_If_a_company_has_sales_of_3.5_million_and_expenses_consist_of_cost_of_good_.xlsx (11.29 KB)
    FIN_Solution_2_-_Financial_Managers.docx (21.41 KB)

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