Given the following financial statements for ACME Corporation, what amount did the company pay in dividends for 2010? Income Statement: 12/31/2010 Sales $1,300,000 Cost of Goods 750,000 Sold Operating 200,000 Expenses Depreciation 100,000 Expense EBIT 250,000 Interest Expense 50,000 EBT 200,000 Taxes 80,000 Net Income $120,000 Balance Sheets 12/31/2010 Current Assets $50,000 Gross Feed Assets 380,000 Less Accumulated Depreciation 450.000 Fled Assets 430.000 Total Assets $480.000 12/31/2009 $45,000 650,000 350.000 350,000 $395,000 Current Liabilities Long term Debt Common Stock $35,000 330.000 5.000 $50.000 270,000 5.000 Esc F2 F3 F4 ES F7 FB FO F10 F11 # $ 2 & 3 * 4 7 00 9 WE RT Y U Caps Lock A S O F Balance Sheets 12/31/2010 Current Assets $50,000 Gross Fixed Assets 880,000 Less Accumulated Depreciation 450,000 Fixed Assets 430,000 Total Assets $480,000 12/31/2009 $45,000 650,000 350,000 350.000 $395,000 Current Liabilities Long-term Debt Common Stock Retained Earnings Total Liabilities & Equity $35,000 330,000 5,000 110,000 $480,000 $50,000 270,000 5.000 70,000 $395,000 $80,000 $100,000 $25,000 $45,000 Previous Next