Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has sales of 10,073, COGS of 1,823, depreciation expense of 708, interest expense of 790, tax rate of 28 percent, and dividends

 

A company has sales of 10,073, COGS of 1,823, depreciation expense of 708, interest expense of 790, tax rate of 28 percent, and dividends of 328. What is the company's addition to retained earnings? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer. Question 2 4 pts A company has a net income of 7,089, and it pays out 26 percent of its net income as dividends. If the company has 231 in new sales of stock, what is the company's cash flow to shareholders? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.

Step by Step Solution

3.49 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

SOLUTION Question 1 The companys earnings before interest and taxes EBIT can be calculated as ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Financial Management

Authors: Eugene F. Brigham, Joel F. Houston

14th edition

1285867971, 978-1305480742, 1305480740, 978-0357686393, 978-1285867977

More Books

Students also viewed these Finance questions

Question

Where did the faculty member get his/her education? What field?

Answered: 1 week ago

Question

How do you explain your dataset?

Answered: 1 week ago

Question

What behaviour demonstrates where they are on this scale?

Answered: 1 week ago