Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How much dividends did Valdemor pay? 2019 2018 2019 Balance Sheet (thousands of dollars) ASSETS Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets

image text in transcribed

How much dividends did Valdemor pay? 2019 2018 2019 Balance Sheet (thousands of dollars) ASSETS Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets $540,285 $480,600 $12,345 $6,840 $28,500 $47,685 $157,900 $205,585 $10,840 $4,520 $24,300 $39,660 $157,900 $197,560 Income Statement (thousands of dollars) Sales Operating Expenses D&A Interest Taxes (20%) NI $12,000 $4,000 $8,373 $34,948 LIABILITIES & EQUITY Accruals $12,800 Accounts Payable $43,200 Notes Payable $16,000 Total Current Liabilities $72,000 Long Term Debt $40,500 Total Liabilities $112,500 Common Stock $70,000 Retained Earnings $23,085 Total Common Equity $93,085 Total Liabilities & $205,585 Equity $10,480 $45,250 $12,080 $67,810 $30,045 $97,855 $80,000 $19,705 $99,705 $197,560

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

1. Explain the 2nd world war. 2. Who is the father of history?

Answered: 1 week ago