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In its most recent financial statements, Nessler Inc, reported $60 million of net income and $660 million of retained earnings, The previous retained earnings were
In its most recent financial statements, Nessler Inc, reported $60 million of net income and $660 million of retained earnings, The previous retained earnings were $614 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely, For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $ +$170,000. Round your answers to the nearest dollar, if necessary. a. What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign. $ firm's net income? $ Byron Books Inc, recently reported \$15 million of net income. Its EBIT was $20.6mililion, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, known values. Then divide $15million of net income by (1T)=0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to c problems.) Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations
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