Question
Can someone help me! I need to make sure i did right. Statement of Retained Earnings Night Scapes, Corp. began the year 2008 with $27
Can someone help me! I need to make sure i did right.
Statement of Retained Earnings Night Scapes, Corp. began the year 2008 with $27 million in retained earnings. The firm suffered a net loss of $3.2 million in 2008 and yet paid $2.12 million to its preferred stockholders and $1.12 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Night Scapes?
Debt Management Ratios Tierre's Ts, Inc. reported a debt to equity ratio of 3.6 times at the end of 2008. If the firm's total assets at year-end were $15.6 million, how much of their assets are financed with equity?
Under/Over Valued Stock A manager believes his firm will earn a 12.85 percent return next year. His firm has a beta of 1.49, the expected return on the market is 9.9 percent, and the risk-free rate is 4.9 percent. Compute the return the firm should earn given its level of risk and determine whether the manager is saying the firm is under-valued or over-valued.
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