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Help with finance exercises Intro Minnesota Manufacturing's balance sheet showed total equity of $3,000,000 and 600,000 shares of common stock outstanding on 12/31/2020. During 2021
Help with finance exercises
Intro Minnesota Manufacturing's balance sheet showed total equity of $3,000,000 and 600,000 shares of common stock outstanding on 12/31/2020. During 2021 , the firm had $610,000 of net income, and it paid out $150,000 in dividends. Part 1 Attempt 1/3 for 10 pts. What was the book value per share on 12/31/2021, assuming no new common stock was issued during 2021 ? Hint: you need to first figure out the amount of total equity on 12/31/2021, and then calculate book value per share on 12/31/2021. Remember that Total equity = Paid-in capital + Retained earnings Therefore Total equity 2021= Total equity 2020 + Addition to Paid-in capital + Addition to Retained earnings Part 2 Attempt 1/3 for 10 pts. How much is the Earnings per share (EPS) for 2021? Part 3 Attempt 1/3 for 10 pts. How much is the Dividends per share (DPS) for 2021Step by Step Solution
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