Question
.SAM Corporation has sales of AED 700 million, costs of AED 500 million depreciation expense of (AED 5 million, interest expense of AED 3
.SAM Corporation has sales of AED 700 million, costs of AED 500 million depreciation expense of (AED 5 million, interest expense of AED 3 million, other operating income of AED 10 million and a tax rate of 30 percent. The firm paid 40 percent of net income in cash dividends. What is the addition to retained earnings? (2.0 marks) The Gulf Company paid AED 50 million in dividends and AED 6 million in interest this past year. Common stock increased by AED 75 million and retained earnings decreased by AED 15 million. What is the net income for the year? (1.6 marks)
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Fundamentals of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
1st canadian edition
978-0133400694
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