Question
Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales increase by 17% in 2014 and all other items, including debt,
| Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales increase by 17% in 2014 and all other items, including debt, increase correspondingly. |
| Income Statement | ||
| Sales | $ | 5,400 |
| Costs, including interest | 4,200 | |
| Net income | $ | 1,200 |
| Balance Sheet, Year-end | |||||||||||||
| 2013 | 2012 | 2013 | 2012 | ||||||||||
| Assets | $ | 4,600 | $ | 4,100 | Debt | $ | 1,900 | $ | 1,733 | ||||
| Equity | 2,700 | 2,367 | |||||||||||
| Total | $ | 4,600 | $ | 4,100 | Total | $ | 4,600 | $ | 4,100 | ||||
| a. | What is the value of the retained earnings? |
b. What is the residual dividend?
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DeFi And The Future Of Finance
Authors: Campbell R. Harvey, Ashwin Ramachandran, Joey Santoro, Vitalik Buterin, Fred Ehrsam
1st Edition
1119836018, 978-1119836018
