Question
1)In its recent income statement, Smith Software Inc. reported $28 million of net income, and in its year-end balance sheet, Smith reported $342 million of
1)In its recent income statement, Smith Software Inc. reported $28 million of net income, and in its year-end balance sheet, Smith reported $342 million of retained earnings. The previous year, its balance sheet showed $322 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.)
2)Hayes Corporation has $396 million of common equity on its balance sheet and 9,000,000 shares of common stock outstanding. The company's Market Value Added (MVA) is $170 million. What is the company's stock price? (Answers are in $ millions.)
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