Dukas Corporation’s net cash provided by operating activities was $218,000; its net income was $203,000; its capital expenditures were $146,000; and its cash dividends were $49,000.

Dukas Corporation’s net cash provided by operating activities was $218,000; its net income was $203,000; its capital expenditures were $146,000; and its cash dividends were $49,000.

Dukas Corporation’s net cash provided by operating activities was $218,000; its net income was $203,000; its capital expenditures were $146,000; and its cash dividends were $49,000.

Required:

What is the company’s free cash flow?

Question 20:

Mihok Corporation has provided the following financial data:

Year 2 Year 1

Stockholders’ equity:

Common stock, $3 par value . . . . . . . . . . . .$300,000 $300,000

Additional paid-in capital—common stock . . .100,000 100,000

Retained earnings . . . . . . . . . . . . . . . . . . . . .375,000 370,000

Total stockholders’ equity . . . . . . . . . . . . . . .$775,000 $770,000

Income Statement

For the Year Ended December 31, Year 2

Sales . . . . . . . . . . . . . . . . . . . . . . . . . .$1,380,000

Cost of goods sold . . . . . . . . . . . . . . . . . .780,000

Gross margin . . . . . . . . . . . . . . . . . . . . . .600,000

Operating expenses . . . . . . . . . . . . .. . . .567,714

Net operating income . . . . . . . . . . . . . . . .32,286

Interest expense . . . . . . . . . . . . . . . . . . . 18,000

Net income before taxes . . . . . . . . . . . . . .14,286

Income taxes (30%) . . . . . . . . . . . . . . . . . . 4,286

Net income . . . . . . . . . . . . . . . . . . . . . . . .$10,000

Dividends on common stock during Year 2 totaled $5,000. The market price of common stock at the end of Year 2 was $0.97 per share.

Required:

A. What is the company’s earnings per share for Year 2?

B. What is the company’s price-earnings ratio for Year 2?

C. What is the company’s dividend payout ratio for Year 2?

D. What is the company’s dividend yield ratio for Year 2?

E. What is the company’s book value per share at the end of Year 2?


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