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7) A firm reports a net income $100 milion and has 40 million shares outstanding, what will be the earnings per share (EPS)? 8) At

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7) A firm reports a net income $100 milion and has 40 million shares outstanding, what will be the earnings per share (EPS)? 8) At the end of 2001, Scaringe Medical Supply had $275 million of retained earnings on its balance sheen. During 2002, Scaringe paid a per-share dividend of S0.25 and produced earnings per share of s0.75. Scaringe has 20 million shares of stock outstanding. What was the level of retained earnings that Scaringe had on its balance sheet at the end of 2002? a) $255 million b) $265 million c) $275 millicn d) $285 million e) $295 million 9) Sanguillen Corp, had retained earnings of $400,000 on its 2001 balance sheet. In 2002, the company's carnings per share (EPS) were $3.00 and its dividends paid per share (DPS) were $1.00. The company has 200,000 shares of common stock outstanding. What will be the level of retained earnings on the company's 2002 balance sheet? a) $400,000 b) $500,000 c) $600,.000 d) $700,000 e) $800,000 10)Whitchall Clothicers had $5,000,000 of retained eamings on its balance shet at the end of 2001. Ome year later, Whitehall had $6,000,000 of retained earnings on its balance sheet. Whitehall has one million shares of common stock outstanding, and it paid a dividend of $0.30 per sbare in 2002. What was Whitehall's carnings per share in 2002? a) $0.80 b) $1.00 c) $1.80 d) $5.00 c) $6.00 11)At the beginning of the year, Gonzales Corporation had $100,000 in cash. The company undertook major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was $300,000 and the company's investing activities required cash expenditures of $800,000. The company's cash position at the end of the year was $50,000. What was the net cash provided by the company's financing activities a) $350,000 b) $400,000 c) $300,000 d) $450,000 e) $500,000 12)Ar the end of 2001, Lehnhoff Inc. had $75 million in cash on its balance shee. During 2002, the following events occurred: - The cash flow from Lehnhoffs operating activities totaled $325 million. - Lehnhoff issued $500 million in common stock. Lehnhoffs notes payable decreased by $100 million. Lehnhoff purchased fixed assets totaling $600 million

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