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Question 4 The following is an incomplete statement of common shareholders' equity (in millions of dollars). Balance, December 31, 2019 Net income Common dividends
Question 4 The following is an incomplete statement of common shareholders' equity (in millions of dollars). Balance, December 31, 2019 Net income Common dividends Issue of common stock Stock Repurchases Unrealized gain on available-for-sale securities Foreign currency translation loss Balance, December 31, 2020 850 ? ? 100 30 11 (6) 1,030 The firm has 40% debt to total assets ratio (60 % equity firm) and reported an after-tax operating profit margin of 15% on sales of $800 million in its income statement for 2020. All operating expenses in the income statement are involved in generating core income. Calculate the following for 2020: 1. Comprehensive income 2. Free cash flow 3. Net pay-out to shareholders (d) 4. Dividends paid to shareholders 5. Growth Rate of Common Stock Equity (GCSE)
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