Everything You Need Online, 2019 Income Statement ($ in millions) Amount $281,342 $205,768 $40,213 $19,900 $15,461...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Everything You Need Online, 2019 Income Statement ($ in millions) Amount $281,342 $205,768 $40,213 $19,900 $15,461 Net Sales Cost of goods sold Other operating costs Depreciation Earnings before interest and taxes (EBIT) Interest paid Taxable income Less: Taxes Net Income $1,600 $13,861 $2,374 $11,487 In the following balance sheet, the assets are shown above the liabilities & equity for formatting purposes. Everything You Need Online, Balance Sheet ($ in millions) ASSETS 2019 Current assets Cash & equivalents Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities & Equity. Current liabilities Accounts payable Notes payable Total current liabilities Long term debt Common equity Common stock Retained earnings Total common equity Total liabilities and equity 2018 $41,250 $16,677 $17,174 $75,101 $87,547 $162,648 2018 $38,192 $30,199 $68,391 $50,708 $5,000 $38,549 $43,549 $162,648 $55,021 $20,816 $20,497 $96,334 $113,654 $209,988 2019 $47,183 $40,629 $87,812 $75,376 $5,000 $41,800 $46,800 $209,988 How much did the firm pay in common dividends in 2019 based on the above data? How much did the firm pay in common dividends in 2019 based on the above data? Everything You Need Online, 2019 Income Statement ($ in millions) Amount $281,342 $205,768 $40,213 $19,900 $15,461 Net Sales Cost of goods sold Other operating costs Depreciation Earnings before interest and taxes (EBIT) Interest paid Taxable income Less: Taxes Net Income $1,600 $13,861 $2,374 $11,487 In the following balance sheet, the assets are shown above the liabilities & equity for formatting purposes. Everything You Need Online, Balance Sheet ($ in millions) ASSETS 2019 Current assets Cash & equivalents Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities & Equity. Current liabilities Accounts payable Notes payable Total current liabilities Long term debt Common equity Common stock Retained earnings Total common equity Total liabilities and equity 2018 $41,250 $16,677 $17,174 $75,101 $87,547 $162,648 2018 $38,192 $30,199 $68,391 $50,708 $5,000 $38,549 $43,549 $162,648 $55,021 $20,816 $20,497 $96,334 $113,654 $209,988 2019 $47,183 $40,629 $87,812 $75,376 $5,000 $41,800 $46,800 $209,988 How much did the firm pay in common dividends in 2019 based on the above data? How much did the firm pay in common dividends in 2019 based on the above data?
Expert Answer:
Answer rating: 100% (QA)
To calculate the dividends paid to common equity holders shareholders in 2019 we need to determine ... View the full answer
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date:
Students also viewed these finance questions
-
A purple ball that has a mass of 5.2 kg and an orange ball with a mass of 5.7 kg collide in an elastic collision. The purple ball is initially moving to the right with a velocity of 15 m/s. The...
-
The Stair Company sells computer parts through a retail store that it operates. The firms comparative income statement and balance sheet for the years 2019 and 2018 follow: INSTRUCTIONS 1. Prepare...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
write a note on Moll Cutpurse Life?
-
Use the information provided in BE12-1. Assume that at January 1, 2012, the carrying amount of the patent on Celine Dions books is $43,200. In January, Celine Dion spends $24,000 successfully...
-
Match the parts listed on the left with the bones listed on the right. (1) coronoid process A, ethmoid bone 2) crbrifom plate (3) formmen magnum C mandible (4) mastoid process D maxila (5) palatine...
-
In the endless endeavor to make electronic devices as small as possible, you have been hired to make a capacitor that has the greatest capacitance possible in a cubic volume of \((10 \mathrm{~mm})...
-
Morey, Inc., has the following plant asset accounts: Land, Buildings, and Equipment, with a separate accumulated depreciation account for each of these except Land. Morey completed the following...
-
Journalize the employer's payroll tax expense for February 28. Notice that this journal entry is similar to the one on January 31. Use the February FICA amounts. Notice that Amy Hamilton reaches the...
-
Citigroup Inc. (Citi) is a leading global financial services company with over 200 million customer accounts and operations in more than 140 countries. Its operating units Citicorp and Citi Holdings...
-
Using the trapezoidal rule with n=5, calculate the value of the integral answer, 0 5 (2x 2 +4)dx. In your answer, include the values for: n, h, a 1 , x 1 , x 2 ,...; f(x 1 ), f(x 2 ),...
-
Company A is given the contractual right by billionaire Jill Gates to govern, on her behalf, the daily affairs and long-term policies of Company X, a company whose shares Ms Gates owns. Is Company X...
-
Company A, which owns 40% of Company Y, has the power given by contractual agreement with other shareholders of Company Y to appoint or remove the majority of the members of the board of directors of...
-
Provide two examples where IFRS 10 requires an investor to consolidate its entity while IAS 27 does not require consolidation.
-
Explain the nature of returns in determining control under IFRS 10.
-
How are risks and rewards considered in determining control under IFRS 10?
-
Pre-Lab Study Questions 1. Why does a sodium street lamp give off a yellow color, whereas a neon light gives off a red color? 2. Describe the energy levels of electrons in an atom. 3. Why do some...
-
Do public and private companies follow the same set of accounting rules? Explain.
-
The common stockholders receive two types of return from their investment. What are they?
-
What is liquidity, and what is the rationale for its measurement?
-
Sims Electric Corp. has been striving for the last 5 years to improve its management of working capital. Historical data for the firms sales, accounts receivable, inventories, and accounts payable...
-
On May 8, 1984, Hannah Motsi graduated from Louisiana State University. She set to work opening a coffee shop in Baton Rouge called HannaH and found a perfect location in a new development. Using a...
-
How does the firms WACC (with taxes) change with leverage?
-
Assume that Microsoft has no debt, a total market value of $2 trillion, and a marginal tax rate of 21%. If it permanently changes its leverage from no debt by taking on new debt in the amount of 13%...
Study smarter with the SolutionInn App