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Intro Long Gone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid
Intro Long Gone Corp. had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $42 million in dividends, while the addition to retained earnings increased equity by 80%. debt was 7.7%. The payout ratio was 50%. Part 1 IB Attempt 1/10 for 10 pts. What was the profit margin? 3+ decimals Submit Part 2 - Attempt 1/10 for 10 pts. What was equity at the end of the year, before the addition of retained earnings (in $ million)? Submit 18 Attempt 1/10 for 10 pts. Part 3 What was the equity multiplier? 2+ decimals Submit
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