TriCycle, Corp. began the year 2008 with $25 million in retained earnings. The firm earned a net income of $7.5 million in 2008 and paid $1.05 million to its preferred. stockholders and $3.05 million to its common stockholders. What is the year-end 2008 balance in retained earnings for TriCycle?
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- The 2008 balance sheet of a company showed long-term debt of $4.6 million, $1,740,000 in the common stock account and $4.2 million in the additional paid-in surplus account. The 2009 balance sheet showed long-term debt of $4.9 million, $1,815,000 in common stock account and $4.5 million in the additional paid-in surplus account. The 2009 income statement showed an interest expense of $870,000 and dividends of $590,000. You also know that the firm’s net capital spending for 2009 was $1, 440,000 and the firm’s net working capital was reduced by $95,000. What was the firm’s cash flow to creditors during 2009 and the firms cash flow to stockholders in 2009? What was the firm’s operating cash flow, OCF for 2009? What is the value for FCF?For 2009, Flamingo Products had a net income of $1,000,000. At dec. 2009, there were 800,000 shares outstanding. The company paid $200,000 in interest payments to creditors. What is Flamingo's basic earnings per share for 2009?In its Year 6 annual report, Sally Inc. reported net earnings of $4,242 million and dividends paid of $1,638 million. Your forecast of net income for Sally Inc. for Year 7 is $4,403 million. What are projected dividends for the company for Year 7? Select one: a. $1,578 million b. $1,700 million c. None of these are correct d. $1,638 million e. $1,324 million
- Evaluate the firm’s profitability for 2008 by computing: a. Return on Common Stockholders’ Equity. b. Earnings Per Share (EPS) c. Price-earnings Ratio d. Pay-out Ratio to Common Shares e. Dividend Yield Per Share on Common StockCece Company has provided the following data (ignore income taxes): 2016 revenues were $77,500.2016 net income was $33,900.Dividends declared and paid during 2016 totaled $5,700.Total assets at December 31, 2016 were $217,000.Total stockholders' equity at December 31, 2016 was $123,000. Retained earnings at December 31, 2016 were $83,000. Which of the following is correct? 2016 expenses were $37,900 Total liabilities at December 31, 2016 were $11,000. Retained earnings increased $28,200 during 2016. Common stock at December 31, 2016 was $206,000.Krogen Grocer's 2016 balance sheet shows average stockholders’ equity of $12,000 million, net operating profit after tax of $1,140million, net income of $380 million, and common shares issued of $1,916 million.The company has no preferred shares issued. Krogen Grocer’s return on common stockholders’ equity for the year is:
- Cisco Systems Inc. reported the following in its income statement for the year ended July 27, 2013: Net income $9,983 million, basic earnings per share of $1.87 and diluted earnings per share of $1.86. How many additional dilutive shares did Cisco include in the diluted EPS for the year?In its recent income statement, Smith Software Inc. reported $11 million of net income, and in its year-end balance sheet, Smith reported $392 million of retained earnings. The previous year, its balance sheet showed $381 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.) $18.00 $11.00 $11.00 -$2.00 $0.00An analyst compiled the following information for U Inc. for the year ended December 31, 2021: . Net income was $1,960,000. Depreciation expense was $530,000. . Interest paid was $265,000. Income taxes paid were $132,500. . . . Common stock was sold for $226,000. Preferred stock (8% annual dividend) was sold at par value of $276,000. . Common stock dividends of $76,000 were paid. Preferred stock dividends of $22,080 were paid. Equipment with a book value of $126,000 was sold for $252,000. • . . Using the indirect method, what was U Inc.'s net cash flow from operating activities for the year ended December 31, 20213 Multiple Choice
- 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 %Accounting. Computer world inc. paid out $40.3 million in totalMadrid Company has provided the following data (ignore income taxes): 2014 revenues were $80,500. 2014 net income was $34,500. Dividends declared and paid during 2014 totaled $6,300. Total assets at December 31, 2014 were $223,000. Total stockholders' equity at December 31, 2014 was $130,000. Retained earnings at December 31, 2014 were $85,000. Which of the following is not correct?