Computer World Inc. paid out $40.3 million in total common dividends and reported $101 million of retained earnings at year-end. The prior year's retained earnings were $66.7 million. What was the net income? Assume that all dividends declared were actually paid. Round the answer to the nearest dollar, if necessary.

Computer World Inc. paid out $40.3 million in total common dividends and reported $101 million of retained earnings at year-end. The prior year's retained earnings were $66.7 million. What was the net income? Assume that all dividends declared were actually paid. Round the answer to the nearest dollar, if necessary.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
What was the net income?
Sub. General accounting
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What was the net income? General accounting question
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