Marginal and Average Tax Rates Download the annual income statements for Sharper Image (SHRP). Looking back at Table 2.3, what is the marginal income tax rate for Sharper Image? Using the total income tax and the pretax income numbers, calculate the average tax rate for Sharper Image. Is this number greater than 35 percent? Why or why not?
Net Working Capital Find the annual balance sheets for American Electric Power (AEP) and HJ Heinz (HNZ). Calculate the net working capital for each company. Is American Electric Power's net working capital negative? If so, does this indicate potential financial difficulty for the company? What about Heinz?
Per Share Earnings and Dividends Find the annual income statements for Harley-Davidson (HDI), Hawaiian Electric Industries (HE), and Time Warner (TWX). What are the earnings per share (EPS Basic from operations) for each of these companies? What are the dividends per share for each company? Why do these companies pay out a different portion of income in the form of dividends?
Cash Flow Identity Download the annual balance sheets and income statements for Landry's Seafood Restaurants (LNY). Using the most recent year, calculate the cash flow identity for Landry Seafood. Explain your answer.
