Question: 1)In its recent income statement, Smith Software Inc. reported $28 million of net income, and in its year-end balance sheet, Smith reported $342 million of

1)In its recent income statement, Smith Software Inc. reported $28 million of net income, and in its year-end balance sheet, Smith reported $342 million of retained earnings. The previous year, its balance sheet showed $322 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.)

2)Hayes Corporation has $396 million of common equity on its balance sheet and 9,000,000 shares of common stock outstanding. The company's Market Value Added (MVA) is $170 million. What is the company's stock price? (Answers are in $ millions.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

1. In its recent income statement, Smith Software Inc. reported $29 million of net income, and in its year-end balance sheet, Smith reported $385 million of retained earnings. The previous year, its...

How much cash did Lehnboff Inc. have on its balance sheet at the end of 2002? a) $ 50 million b) $ 100 million c) $ 200 million d) $ 400 million e) $1,400 million 13)In its recent income statement,...

3 Question 14 (4 points) In its recent income statement, Smith Software Inc. reported $24 million of net income, and in its year-end balance sheet, Smith reported $372 million of retained earnings....

1. Casey Motors recently reported net income of $146 million. The firm's tax rate was 40.0% and interest expense was $42 million. The company's after-tax cost of capital is 13.0% and the firm's total...

In its recent income statement, Smith Software Inc. reported $3 million of net income, and in its year-end balance sheet, Smith reported $311 million of retained earnings. The previous year, its...

In its recent income statement, Smith Software Inc. reported $9 million of net income, and in its year-end balance sheet, Smith reported $370 million of retained earnings. The previous year, its...

In its recent income statement, Smith Software Inc. reported $9 million of net income, and in its year-end balance sheet, Smith reported $343 million of retained earnings. The previous year, its...

The NASDAQ is primarily a primary market. a physical location auction market. an over-the-counter market. Statements a and b are correct. Statements b and c are correct. In its recent income...

Question 11 (4 points) Listen In its recent income statement, Smith Software Inc. reported $15 million of net income, and in its year-end balance sheet, Smith reported $375 million of retained...

An article cost $900 and sold for $2520. What was the percent markup based on cost?

A single loop second order circuit is described by the following differential equation What is the correct form of the total (natural plus forced) response?

The cost of a tank with an economic life of 7 years is 2 2 5 0 0 0 TL . The estimated salvage value of the tank is 1 5 0 0 0 TL . a . Calculate the annual depreciation amounts and depreciation rates...

SP 3 Serial Problem Business Solutions ( Algo ) LO P 1 , P 2 , P 3 , P 4 , P 5 After the success of the company s first two months, Santana Rey continues to operate Business Solutions. The November 3...

=+ b. What is the marginal product of capital in the initial steady state?

=+ a. What must the saving rate be in the initial steady state? [Hint: Use the steady-state relationship, sy = ( + n + g)k.]

=+ a. The capitaloutput ratio is constant.