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Finance/Accounting

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Given the results of the previous income statement calculations, complete the following statements:

In Year 2, if Cute Camel has 5,000 shares of preferred stock issued and outstanding, then each preferred share should expect to receive $_________ in annual dividends.

If Cute Camel has 400,000 shares of common stock issued and outstanding, then the firm’s earnings per share (EPS) is expected to change from $_______ in Year 1 to $________ in Year 2.

Cute Camel’s earnings before interest, taxes, depreciation and amortization (EBITDA) value changed from $________ in Year 1 to $________ in Year 2.

It is incorrect/correct to say that Cute Camel’s net inflows and outflows of cash at the end of Years 1 and 2 are equal to the company’s annual contribution to retained earnings, $2,257,000 and $2,789,875, respectively. This is because all but on/all of the items reported in the income statement involve payments and receipts of cash.


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