ShopTilYouDropInc - operating income. It had issued $4,000...

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Shop Til You Drop Inc. recently reported net income of $5.2 million and depreciation of $600.000. What is was net cash flow? Assume it has no amortization expense. Superior Medical System’s 2005 balance sheet showed total common equity of $2,050.000. The company had 100.000 shares of stock outstanding which sold at a price of $57.25 per share. By how much did the firm’s market value and book value per share differ? Madison Metals recently reported $9,000 of sales, $6.000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges and no non
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Unformatted text preview: operating income. It had issued $4,000 of bonds that carry a 7% interest rate, and it’s federal plus state income tax was 40%. What was the firm’s taxable, or pre tax income? Fine Breads Inc. paid out $26,000 common dividends during 2005, and it ended the year with $150,000 of retained earnings. The prior year’s retained earnings were $145,000 what was the firm’s 2005 net income. Can you show me the break down of how you get the answer....
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This note was uploaded on 10/11/2010 for the course ACCOUNTING 2102 taught by Professor Mrwang during the Fall '10 term at Central Arizona College.

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