contemporary financial management

Project Description:

8.challenge amexicorp, inc., a producer of security systems, had sales of $400 million, cost of
goods sold of $150 million, operating expenses of $100 million, and interest expense
of $100 million. amexicorp also received $10 million in dividends from other cor-
porations in which it had less than a 20 percent ownership stake. during the year,
amexicorp also sold for $20 million assets that is carried on its books at a book
value of $17 million. amexicorp paid preferred stock dividends totaling $10 million
during the year. common stock dividends paid were $5 million. use the tax rates
shown in table 2a.1.
•a. what is amexicorp’s after-tax net income available to common stockholders?
b. what would have been amexicorp’s after-tax net income available to common
stockholders if the assets that were sold had a book value of $25 million?
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