For the most recent year, Seether, Inc., had sales of $444,000, cost of goods sold of $218,700, depreciation expense of $58,400, and additions to retained earnings of $50,600. The firm currently has 29,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.45. The income tax rate is 32 percent.
Required: What was the EBIT? (Do not round intermediate calculations.)
EBIT $
How much in total dividends did the company pay? (Do not round intermediate calculations.)
Total dividends $
What was the company's net income? (Do not round intermediate calculations.)
Net income $
What was the company's earnings before tax (EBT)? (Do not round intermediate calculations. Round your answer to the nearest whole number(e.g., 32).)
EBT $
What was the company's interest payment? (Do not round intermediate calculations. Round your answer to the nearest whole number(e.g., 32).)
Interest $
What was the company's times interest earned ratio? (Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Times interest earned times