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Item Prior year Current year Accounts payable 8,128.00 7,941.00 Accounts receivable 6,018.00 6,795.00 Accruals 1,018.00 1,562.00...

Item Prior year Current year
Accounts payable 8,128.00 7,941.00
Accounts receivable 6,018.00 6,795.00
Accruals 1,018.00 1,562.00
Cash ??? ???
Common Stock 11,706.00 11,191.00
COGS 12,675.00 18,387.00
Current portion long-term debt 5,052.00 4,980.00
Depreciation expense 2,500 2,758.00
Interest expense 733 417
Inventories 4,103.00 4,807.00
Long-term debt 13,983.00 13,499.00
Net fixed assets 50,428.00 54,010.00
Notes payable 4,377.00 9,836.00
Operating expenses (excl. depr.) 13,977 18,172
Retained earnings 28,828.00 29,707.00
Sales 35,119 46,562.00
Taxes 2,084 2,775

What is the firm's dividend payment in the current year?

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Homework Answers

Answer #1

Data of current year,

Sales = $46562

COGS = $18387

Operating expeccses = $18172

So, EBITDA = Sales - COGS - Operating expenses = 46562 - 18387 - 18172 = $10003

Depreciation expenses = $2758

=> EBIT = EBITDA - depreciation = 10003 - 2758 = $7245

interest expenses = $417

=> EBT = EBIT - interest expenses = 7245 - 417 = $6828

taxes = $2775

=> Net income = EBT - taxes = 6828 - 2775 = $4053

addition to retained earning = current year retained earning - prior year retained earning = 29707 - 28828 = $879

So, Dividend paid in current year = net income - addition to retained earning = 4053 - 879 = $3174

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