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%
