fm3 13 - (95,136) Other data 2006 2007 Stock price $ 8.50 $...

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Mini Case: 3 - 13 Income Statements 2006 2007 Sales $ 3,432,000 $ 5,834,400 Cost of goods sold 2,864,000 4,980,000 Other expenses 340,000 720,000 Depreciation 18,900 116,960 total operating costs $ 3,222,900 $ 5,816,960 EBIT $ 209,100 $ 17,440 Interest expense 62,500 176,000 EBT $ 146,600 $ (158,560) Taxes (40%) 58,640 (63,424) Net income $ 87,960 $
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Unformatted text preview: (95,136) Other data 2006 2007 Stock price $ 8.50 $ 6.00 Shares outstanding 100,000 100,000 EPS $ 0.880 $ (0.951) DPS $ 0.220 $ 0.110 Statement of retained earnings, 2007 Balance of retained earnings, 12/31/2006 $ 203,768 add: net income, 2007 $ (95,136) less: dividend paid, 2007 $ (11,000) Balance of retained earnings, 12/31/2007 $ 97,632...
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This note was uploaded on 07/13/2011 for the course FIN 4414 taught by Professor Staff during the Spring '08 term at University of Florida.

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