Saturday, July 3, 2021

Based on the information contained in Table 2, what was the total amount of Bird Industries' common stock dividend for 2012


                                                      Table 2
                                         Bird Industries, Inc.
                                              Balance Sheets
                                                                    2011                          2012
Cash                                                         $1,000                            $?
Accounts receivable                               5,000                      6,000
Inventories                                                6,500                      6,000
Land                                                         10,000                   12,000
Other fixed assets                                   8,000                      9,000
Accumulated depreciation                 (1,000)                   (1,600)
Total assets                                          $29,500                            $?
Accounts payable                                 $3,200                  $ 6,800
Bonds                                                         4,000                      4,000
Common stock                                      17,000                   16,000
Retained earnings                                  5,300                      5,000
Total debt and equity                        $29,500                            $?

                                                             Bird Industries, Inc.
                                                               Income Statement
                                                Sales                                       $84,000
                                                Cost of goods sold                66,400
                                                Gross profit                          $17,600
                                                Operating expenses           (13,000)
                                                Depreciation                              (600)
                                                EBIT                                          $4,000
                                                Interest expense                        (500)
                                                EBT                                           $3,500
                                                Taxes                                         (1,500)
                                                Net Income                             $2,000

Based on the information contained in Table 2, what was the total amount of Bird Industries' common stock dividend for 2012?
A) $800
B) $2,300
C) $2,000
D) Cannot be determined with available information



Based on the information contained in Table 2, what was Bird Industries' operating profit margin for 22012?
A) 21%
B) 4.8%
C) 4.2%
D) 2.4%


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