1). Frantic Fast Foods had earnings after taxes of $420,000 in 2012 with 309,000 shares outstanding. On January 1, 2013, the firm issued 20,000 new shares. Because of the proceeds from the new shares and other operating improvements, earnings after taxes increased by 30 percent. a. Compute earnings per share for the year of 2012. b. Compute earnings per share for the year 2013. 2). Prepare in good form an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share. Sales .$1,360,000 Shares outstanding 104,000 Cost of goods sold 700,000 Interest expense ..34,000 Selling and administrative expense 49,000 Depreciation expense ..23,000 Preffered stock dividends 86,000 Taxes .100,000 3). The Holtzman Corporation has assets of $400,000 current liabilities of $100,000. There is $40,000in preferred stock outstanding; 20,000 shares of common stock have been issued. a. Compute book value (net worth) per share b. If there is $22,000 in earnings available to common stockholders and Holtzmans stock has P/E of 18 times earning per share, what is the current price of stock? Purchase the answer to view it Purchase the answer to view it Purchase the answer to view it Purchase the answer to view it Purchase the answer to view it
