In its most recent financial statements, Nessler Inc.
In its most recent financial statements, Nessler Inc. reported $60 million of net income and $660 million of retained earnings. The previous retained earnings were $614 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Homework Answers
Dividends paid = Net income - Ending retained earnings - endings retained earnings
Dividends paid = 60,000,000 - (660,000,000 - 614,000,000)
Dividends paid = $14,000,000
In its most recent financial statements, Nessler Inc. reported $35 million of net income and $420...
In its most recent financial statements, Nessler Inc. reported $35 million of net income and $420 million of retained earnings. The previous retained earnings were $395 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $
eBook In its most recent financial statements, Nessler Inc. reported $75 million of net income and...
eBook In its most recent financial statements, Nessler Inc. reported $75 million of net income and $750 million of retained earnings. The previous retained earnings were $728 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $ Check My Work (2 remaining)
How much in dividends were paid to shareholders during the year?
In its most recent financial statements, Nessler Inc. reported $75 million of net income and $900 million of retained earnings. The previous retained earnings were $855 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
In its most recent financial statements, Nessler Inc. reported $20 million of net income and $240...
In its most recent financial statements, Nessler Inc. reported $20 million of net income and $240 million of retained earnings. The previous retained earnings were $223 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.
In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $850...
In its most recent financial statements, Del-Castillo Inc. reported $40 million of net income and $850 million of retained earnings. The previous retained earnings were $828 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
Byron Books Inc. recently reported $12 million of net income. Its EBIT was $18.8 million, and...
Byron Books Inc. recently reported $12 million of net income. Its EBIT was $18.8 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $12 million of net income by (1 - T) = 0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.) Write...
In its most recent financial statements, Del-Castillo Inc. reported $60 million of net income and $910...
In its most recent financial statements, Del-Castillo Inc. reported $60 million of net income and $910 million of retained earnings. The previous retained earnings were $896 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.
In its most recent financial statements, Del-Castillo Inc. reported $75 million of net income and $880...
In its most recent financial statements, Del-Castillo Inc. reported $75 million of net income and $880 million of retained earnings. The previous retained earnings were $864 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000.
Electronics World Inc. paid out $20.3 million in total common dividends and reported $113.7 million of...
Electronics World Inc. paid out $20.3 million in total common dividends and reported $113.7 million of retained earnings at year-end. The prior year's retained earnings were $80.7 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $
Electronics World Inc. paid out $26.4 million in total common dividends and reported $321.9 million of...
Electronics World Inc. paid out $26.4 million in total common dividends and reported $321.9 million of retained earnings at year-end. The prior year's retained earnings were $260.7 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $
eBook In its most recent financial statements, Nessler Inc. reported $75 million of net income and $750 million of retained earnings. The previous retained earnings were $728 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $ Check My Work (2 remaining)
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