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Business, 08.10.2020 02:01 bakerx8529

The balance sheet and income statement of a firm are shown below. Note that the firm has no amortization charges, it does not lease any assets, and none of its debt must be retired during the next 5 years (numbers are in millions). BALANCE SHEET Cash $ 140.0 Accounts payable $ 800.0 Accts. receivable 880.0 Notes payable 600.0 Inventories 1,320.0 Accruals 400.0 Total current assets $2,340.0 Total current liabilities $1,800.0 Long-term bonds 1,000.0 Total debt $2,800.0 Common stock (50,000 shares) 200.0 Retained earnings 1,000.0 Net plant & equip. 1,660.0 Total common equity $1,200.0 Total assets $4,000.0 Total liabilities & equity $4,000.0 INCOME STATEMENT Net sales $ 6,000.0 Operating costs 5,599.8 Depreciation 100.2 EBIT $ 300.0 Less: Interest 96.0 EBT $ 204.0 Less: Taxes 51.0 Net income $ 153.0 OTHER DATA Shares outstanding (millions) 70.00 Common dividends $42.8 Interest rate on N/P and long-term bonds 6.0% Federal plus state income tax rate 25.0% Year-end stock price $30.60 What is the firm's EPS (earnings per share)?

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The balance sheet and income statement of a firm are shown below. Note that the firm has no amortiza...

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