Question
NEED ANSWER ASAP a.) On 12/31/2020, Heaton Industries Inc. reported retained earnings of $225,000 on its balance sheet, and it reported that it had $172,500
NEED ANSWER ASAP
a.)
On 12/31/2020, Heaton Industries Inc. reported retained earnings of $225,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020?
Select the correct answer.
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b.)
EP Enterprises has the following income statement. How much net operating profit after taxes (NOPAT) does the firm have?
Sales | $ 2,000.00 |
Costs | 1,400.00 |
Depreciation | 250.00 |
EBIT | $ 350.00 |
Interest expense | 70.00 |
EBT | $ 280.00 |
Taxes (25%) | 112.00 |
Net income | $ 168.00 |
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c.)
Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit after taxes (NOPAT) = $460; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,300. What was its return on invested capital (ROIC)?
Select the correct answer.
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