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(Solved): Steinhardt Wig Company has the following Income statement and balance sheet for 2005. The firm paid ...



Steinhardt Wig Company has the following Income statement and balance sheet for 2005. The firm paid out 65% of it's Net Income as Dividends. What is the firms Cash Flow to Equity Holders? (Round to nearest penny and do not enter commas, e.g. 1234.56)


 

2005 Income Statement
Revenue 248412
Costs 10212
Depreciation 19448
Ebit  
Interest Expense 11237
Taxable Income  
Tax Expense @ 22%   
Net Income  


 

2005 Balance Sheet
Year 2004 2005   2004 2005
Current Assets 16574 17801 Current Liabilities 12743 13756
Fixed Assets 142619 165837 Long-Term Debt 125759 138606
      Common Stock 33231 36774

 

Aperture Science has net working capital of $553, long term debt of $7243, fixed assets of $13886, and total assets of 18779, what is the firms total liabilities? (Round to nearest penny and do not enter commas, e.g. 1234.56)

Answer:

 

 

 



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solution: taxable income = 248412 - 10212 - 19448 - 11237 = 207515 net income = taxable income *(1-tax) =
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