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May-December Bridal began the year with $256million in retained earnings. The firm earned net income of $33 million and paid dividends of $5 million to
- May-December Bridal began the year with $256million in retained earnings. The firm earned net income of $33 million and paid dividends of $5 million to its preferred shareholders and $10 million to its common shareholders.What is the year end balance of retained earnings for May to December Bridal?
- A firm has net working capital of $540. Long term debt is $3,410, total assets are $5,340 and fixed assets are $3,720. What is the amount of the total liabilities?
- Benard Auto Repair has shareholders' equity of $121,400. The firm owes a total of $132,000 of which 40% is payable within the next year. The firm has net fixed assets of $151,620. What is the amount of the net working capital?
- Bob Equipment Rental paid $64 in dividends and $517 in interest expense. The addition to retained earnings is $327 and net new equity is $400. The tax rate is 27%. Sales are $14,900 and depreciation is $570. What are the earnings before interest and taxes?
- Suppose you are given the following information-
sales-30,000
total expense-10,000
addition to retained earnings-4,365
dividends paid-485
interest expense-1,200
tax rate-30%
what is the amount of depreciation expense?
6- The Atlanta Newsfeed Corporation had a net income of $132,700 of which %40 was distributed to shareholders as dividends. During the year, the company sold $79,000 of common stock. What is the cashflow to stockholders?
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