At the end of the year, Shiloh Industries reported retained earnings of $497,000 on its balance sheet, and it reported that it had $203,000 of net income during the year.  The previous year’s balance sheet had reported $445,000 of retained earnings.  No shares were repurchased or issued during the year.  If the company has 100,000 shares outstanding, what was their dividend per share?   Your answer should be between 0.85 and 1.95, rounded to 2 decimal places, with no special characters.

Byron Books Inc. recently reported $13 million of net income.  Its EBIT was $20,550,000, and its tax rate was 35%.  What was its interest expense? Your answer should be between 140,000 and 725,000, rounded to even dollars (although decimal places are okay), with no special characters.

Innovative Designs recently reported $230,000 of sales, $140,500 of operating costs other than depreciation, and $9,200 of depreciation. The company had $35,250 of outstanding bonds that carry a 6.75% interest rate, and its tax rate was 35%.  In order to sustain its operations, the firm spent $15,250 on new fixed assets (capital expenditures) and invested an additional $6,100 in net operating working capital.  What was the firm’s free cash flow (FCF)?   Your answer should be between 38000 and 42000, rounded to even dollars (although decimal places are okay), with no special characters.

Byron Books Inc. recently reported $13 million of net income.  Its EBIT was $20,675,000, and its tax rate was 35%.  What was its interest expense? Your answer should be between 140,000 and 725,000, rounded to even dollars (although decimal places are okay), with no special characters.

Given the following situation, which of the listed data structures is best suited to represent the data involved? Brett is holding office hours and promised to help everyone in the order that they arrived.

The balance sheet of Colton Corporation shows long-term debt of $50 million and shareholder equity of $50 million, while their income statement shows EBIT of $16.7 million and interest expenses of $5 million.  If Colton has a tax bracket of 40%, what is their return on equity (ROE)?   Your answer should be between 8.94 and 17.46, rounded to 2 decimal places, with no special characters.

American Capital has $375,000 of assets, and uses only common equity capital (zero debt).  Sales for the last year were $420,000, and stockholders recently voted in a new management team that has promised to lower costs and increase the company’s return on equity.  Holding everything else constant, what profit margin would the firm need in order to achieve an ROE of 15.7%?   Your answer should be between 8.54 and 18.22, rounded to 2 decimal places, with no special characters.

Byron Books Inc. recently reported $13 million of net income.  Its EBIT was $20,625,000, and its tax rate was 35%.  What was its interest expense? Your answer should be between 140,000 and 725,000, rounded to even dollars (although decimal places are okay), with no special characters.

Corporations can raise capital using either debt (and must pay interest) or equity (and are expected to pay dividends).  However, the interest expense is tax deductible while dividends paid cannot be deducted.  How much pre-tax income must a company with a tax rate of 35% need to earn per share to pay out $2.55 per share in dividends?   Your answer should be between 1.57 and 6.12, rounded to 2 decimal places, with no special characters.

The balance sheet of Colton Corporation shows long-term debt of $50 million and shareholder equity of $50 million, while their income statement shows EBIT of $17.3 million and interest expenses of $5 million.  If Colton has a tax bracket of 40%, what is their return on equity (ROE)?   Your answer should be between 8.94 and 17.46, rounded to 2 decimal places, with no special characters.