ABC Corporation reported retained earnings of $1,250 on its year-end balance sheet. During the nextyear, the company reported $620 in net income, and in that next year it paid out a dividend of $200.What will retained earnings be at the end of the next year?O $ 1,370O $ 1,050O $ 1,570O $1,470O $1,670

As per available information from question Opening balance of retained earning $1,250 + net…

Answered: year, the company reported $620 in net…

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

Problem 1PS

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Five years ago, Weed Go Inc. earned $2.80 per share. Its earnings this year were $3-70. What was the growth rate in earnings per share (EPS) over the 5-year period? O a. 26.43% O b. 7.22% O c. 5.73% O d. 18.35% O e.4.75%
The newspaper reported last week that Bennington Enterprises earned $18.5 million this year. The report also stated that the firm's ROE is 17 percent. Bennington retains 85 percent of its earnings. a. What is the firm's earnings growth rate? (Round the answer to 2 decimal places.) Earnings growth rate % b. What will next year's earnings be? (Enter the answer in dollars, not millions of dollars. Omit $ sign in your response.) $ Next year's earnings
It was reported last week that Blue Bell Enterprises earned $18.5 million this year. The report also stated that the firm’s return on equity is 11 percent. The firm retains 80 percent of its earnings. What will next year's earnings be? Round to the nearest whole dollar.
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Keating Company had a retained earnings balance of $5,820 at the end of last year. This year the company projects sales of $12,850 with a 6% net profit margin and a 25% dividend payout ratio. Forecast the balance of retained earnings at the end of this year..
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Ten years ago, Kronan Corporation earned $0.50 per share. Its earnings this year were $2.20. What was the growth rate in earnings per share (EPS) over the 10-year period? 15.17% 15.97% 16.77% 17.61% 18.49%
Last year, net profits of a company were nine-elevenths of revenue. If the company declared a dividend of $14983 and two-seventeenths of the net profit was retained in the company, what was last year's revenue?
Pronghorn Co. invested $1,070,000 in Stellar Co. for 25% of its outstanding stock. Stellar Co. pays out 30% of net income in dividene each year. Use the information in the following T-account for the investment in Stellar to answer the following questions. Investment in Stellar Co. 1,070,000 99,000 (a) How much was Pronghorn Co.'s share of Stellar Co's net income for the year? Net income 29,700 Total net income (b) What was Stellar Co's total net income for the year? 428000 Total Dividends. $ 396000 (c) What was Stellar Co's total dividends for the year? 128400
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DEF Company is expected to have net income of $250,000 this year. The company traditionally pays out 40 percent of its net income as a dividend. DEF started the year with retained earnings of $490,500. What is their expected retained earnings at the end of the year?

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year, the company reported $620 in net income, and in that next year it paid out a dividend of $200. What will retained earnings be at the end of the next year? O $1,370 O $1.050