Solution-Statement of retained earnings

Statement of retained earnings

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1. Income Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $703,000, Interest expense = $54,500, and Taxes = $220,000. Bullseye's has no preferred stock outstanding and 330,000 shares of common stock outstanding. What are the 2008 earnings per share?

2. Statement of Retained Earnings Z, Corp. began the year 2008 with $2 million in retained earnings. The firm earned net income of $6.2 million in 2008 and paid $2.9 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Z?

3. Sustainable Growth Rate You have located the following information on Rock Company: debt ratio = 40%, capital intensity ratio = 2.25 times, profit margin = 8%, and dividend payout ratio = 25%. What is the sustainable growth rate for Rock? (Do not round intermediate steps.)

Reference no: EM131190412

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Statement of retained earnings

Reference no: EM131190412

Reference no: EM131190412

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