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For this and the next 4 questions. Consider the income statement below. Calculate retained earnings....

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Accounting

For this and the next 4 questions. Consider the income statement below. Calculate retained earnings.

Calculate operating cash flow?

Calculate earnings per share?

Suppose depreciation INCREASES by 80%. Calculate operating cash flow and earnings per share?

Suppose depreciation DECREASES by 80%. Calculate operating cash flow and earnings per share?

Tax rate: T

20%

Sales

500,000

Cost of goods sold

325,000

Gross profit

175,000

Depreciation

4,000

Other expenses

31,000

Total operating expenses

35,000

EBIT

140,000

Interest charges

7,000

EBT

133,000

Taxes

26,600

Net income

106,400

Dividend payout ratio

25%

Stock price: P0

$12

Shares outstanding: n

10,000

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