Homework Answers
Calculation of dividend paid:
Dividend= Net income- Retained income
Dividend= 250000-120000= 130000
So correct answer is A) $130000
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Question 17 NewCorp's Net Income for 2009 was $250,000 and management decided to retain $120,000. What...
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what is the return on equity use2009 values Galaxy United, Inc. 2009 Income Statement Net sales...
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7. Victoria cashes in her life insurance policy and receives the cash surrender value of $250,000. She had paid $13...
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The 2021 income statement for Anderson TV and Appliance reported net sales of $250,000 and net income of $90,000. Average total assets for 2021 was $400,000. Shareholders' equity at the beginning of the year was $300,000 and $30,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that occurred during the year. Calculate the profit margin on sales, return on assets, and return on equity for 2021. Profit Margin (%) Choose Numerator: 1 Choose Denominator: Profit...
what is the return on equity use2009 values
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