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10. Sunny Corp. had a net income during 2018 of $165m, and after payir out dividends to shareholders, retained some of its earnings during in ti company. After this transaction, the balance sheet account "retained earnings" of the company on December 31st 2018 was $840m, and the balance of retained earnings on December 31st 2017 was $700m.The dividend paid to shareholders during the year 2018 was

10. Sunny Corp. had a net income during 2018 of $165m, and after payir out dividends to shareholders, retained some of its earnings during in ti company. After this transaction, the balance sheet account "retained earnings" of the company on December 31st 2018 was $840m, and the balance of retained earnings on December 31st 2017 was $700m.The dividend paid to shareholders during the year 2018 was

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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10. Sunny Corp. had a net income during 2018 of $165m, and after paying out dividends to shareholders, retained some of its earnings during in the company. After this transaction, the balance sheet account "retained earnings" of the company on December 31st 2018 was $840m, and the balance of retained earnings on December 31st 2017 was $700m.The dividend paid to shareholders during the year 2018 was $20m $24m O $25m $26m None of the above 11. In 2019, LSP company reported a net income of $57,000. They had reported earnings before interest and taxes (EBIT) of $150,000. Additionally, we know that the government's tax rate on businesses is 40%. What was their interest expense?' $55,000 $7,500 $95,000 $70,200 None of the above
Transcribed Image Text:10. Sunny Corp. had a net income during 2018 of $165m, and after paying out dividends to shareholders, retained some of its earnings during in the company. After this transaction, the balance sheet account "retained earnings" of the company on December 31st 2018 was $840m, and the balance of retained earnings on December 31st 2017 was $700m.The dividend paid to shareholders during the year 2018 was $20m $24m O $25m $26m None of the above 11. In 2019, LSP company reported a net income of $57,000. They had reported earnings before interest and taxes (EBIT) of $150,000. Additionally, we know that the government's tax rate on businesses is 40%. What was their interest expense?' $55,000 $7,500 $95,000 $70,200 None of the above
12. A firm's total Free Cash Flow for the year equaled $2,400. They reported an EBIT of $5,000, Depreciation Expense of $1,200, and Capital Expenditures of $2,500. Their corporate tax rate is 40%. How much was their change in net working capital for the year? * O Increase by $700 O Decrease by $700 Increase by $3,100 Decrease by $3,100 None of the above 13. Adams Corp's sales last year were $57000
Transcribed Image Text:12. A firm's total Free Cash Flow for the year equaled $2,400. They reported an EBIT of $5,000, Depreciation Expense of $1,200, and Capital Expenditures of $2,500. Their corporate tax rate is 40%. How much was their change in net working capital for the year? * O Increase by $700 O Decrease by $700 Increase by $3,100 Decrease by $3,100 None of the above 13. Adams Corp's sales last year were $57000
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