Debt, CR and REs After Paying Dividends Calculation
September 30, 2015
Debt, CR and REs After Paying Dividends Calculation in $6.50 only
PSU Manufacturing Inc. has the following financial statements data for 2012.
Income Statement
Sales $102,500
Cost of Goods $50,000
SG & E Expenses $35,000
EBIT $17,000
Interest Expenses $2,500
Taxes $6,000
Net Income $9,000
Balance Sheet
Cash $40,000
Fixes Assets $55,000
Total Assets $95,000
Accounts Payable $12,000
Long-term Debt $25,000
Retained Earnings $28,000
Paid-in Common Equity $30,000