At the beginning of its current fiscal year, Heygood Corp's balance sheet showed assets of $360,000 and liabilities of $147,000. During the year, liabilities decreased by $22,000. Net Income for the year was $27,000, and net assets at the end of the year were $215,000. There were no changes in the paid-in capital balance of $100,000 during the year. Calculate the dividends, if any, declared during the year. Which of the following is the correct answer? A. None of the other answers. B. $125,000. C. $113,000. D. $25,000. E. $340,000.

Superior has provided the following information for its recent year of operation:   The common stock account balance at the beginning of the year was $17,000 and the year-end balance was $18,500. The additional paid-in capital account balance increased $4,200 during the year. The retained earnings balance at the beginning of the year was $95,000 and the year-end balance was $96,000. Net income was $43,000.   How much did Superior sell its common stock for during the year?

Electronics World Inc. paid out $22.4 million intotal common dividends and reported $144.7 million of retained earnings at year-end. Theprior year’s retained earnings were $95.5 million. What was the net income? Assume thatall dividends declared were actually paid.

Need Answer

Pinnacle Plus declared and paid a cash dividend of $6,600 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information:  I am not sure how to find the right numbers to go in the equation.

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $12,000 and the year-end balance was $16,000. The additional paid-in capital account balance increased $3,700 during the year. The retained earnings balance at the beginning of the year was $70,000 and the year-end balance was $91,000. Net income was $38,000.   How much were Superior's dividend declarations during its recent year of operation?   Multiple Choice   $59,000.   $17,000.   The dividend declarations cannot be determined given the above information.   $38,000.

in its most recent financial statements, Nessler Inc. reported $75million of net income and $825million of retained earnings. The previous retained earnings were $784million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.

A pro-forma balance sheet shows that the TOTAL ASSETS amounted to P3,125,900; Current Liabilities = P790,350; Non-current Liabilities = P150,000; Common Stock = P1,085,000. Retained earnings from the previous year amounted to P475,000. The Pro-forma income statement shows a net income amounting to P825,000. Dividend payout ratio = 19.5%. Compute for the EFN (external financing needed) or Extra Fund.

The income statement for Dodson Corporation reported net income of $22,400 for the year ended December 31 before considering the following: During the year the company purchased available-for-sale securities. At year end, the fair value of the investment portfolio was $2,100 more than cost. The balance of Retained Earnings was $83,000 on January 1. . Dodson Corporation paid $9,000 in cash dividends during the year. Calculate the balance of Retained Earnings on December 31. 51,600

the income statement for Stretch-Tape Corporation reports net sales of $439,900 and net income of $54,780. Average total assets for the year are $830,000. Stockholders’ equity at the beginning of the year was $530,000, and $23,000 was paid to stockholders as dividends during the year. There were no other stockholders’ equity transactions that occurred during the year.Required:Calculate the return on assets, profit margin, asset turnover, and return on equity ratios. (Round your answers to 1 decimal place.)     Profitability Ratios Return on assets 6.6 % Profit margin 12.5 % Asset turnover   times Return on equity   %