ABC Corp provides you with the following data: sales is $500,000
Question # 00482279
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Updated on: 02/11/2017 01:05 AM Due on: 02/11/2017
2-4: ABC Corp provides you with the following data: sales is $500,000, operating profits is $300,000, interest expense is $25,000, net income is $100,000, common stock (par) is $10,000, paid-in-capital in excess of par is $210,000, and the total number of common shares outstanding is 10,000.
- Given the above, and assuming no flotation costs, what was the price of a share of common stock when it was sold?
Assuming no preferred stock, what are the earnings per share?
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Rating:
/5
Solution: ABC Corp provides you with the following data: sales is $500,000