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Consider the following balance sheet for Games Inc. Because Games has $ 8 0 0 , 0 0 0 of retained 3 inidends were paid

Consider the following balance sheet for Games Inc. Because Games has $800,000 of retained
3 inidends were paid to
earnings, we know that the company would be able to pay cash to buy an asset with a cost of
re actually paid.
$200,000.
quity on its balance
is $50 million. Ho
Iders have provided
lowed management
res of common stock
ch value has Masters
is, what is Masterson
ar of $3,500,000 and
x percentage cost of
d couple who file a joi
resented in the chapter
\table[[Cash,$50,000
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