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Matsumara Fishworks has the following Income statement and balance sheet for 1957. The firm paid out 50% of it's Net Income as Dividends. What is
Matsumara Fishworks has the following Income statement and balance sheet for 1957. The firm paid out 50% of it's Net Income as Dividends. What is the firms Cash Flow to Equity Holders? (Round to nearest penny and do not enter commas, e.g. 1234.56)
1957 Income Statement Revenue 227399 Costs 38649 Depreciation 16745 Ebit Interest Expense 14572 Taxable Income Tax Expense @ 22% Net Income 1957 Balance Sheet Year 1956 1957 1956 1957 16230 17529 17258 13816 Current Assets Current Liabilities 144249 174206 125730 139033 Fixed Assets Long- Term Debt 37975 33377 Common StockStep by Step Solution
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