Financial statements for Computron Industries, a manufacturer of electronic calculators are given below: Income Statement for...

 

Transcribed Image Text:

Financial statements for Computron Industries, a manufacturer of electronic calculators are given below: Income Statement for the Year Ended Dec 31, 2019 Sales Operating costs excluding depreciation Depreciation EBIT (operating income) Interest expense EBT (Earnings before taxes) Taxes (40%) Net income Partial Balance Sheets as at December 31 Common stock Retained earnings Total equity 2019 $728 $88 $816 $340 $650 520 1,170 2019 $3,200 1,200 300 1,700 340 1,360 2018 544 $816 $540 432 972 How much of the free cash flow did Computron use for dividends in 2019? Financial statements for Computron Industries, a manufacturer of electronic calculators are given below: Income Statement for the Year Ended Dec 31, 2019 Sales Operating costs excluding depreciation Depreciation EBIT (operating income) Interest expense EBT (Earnings before taxes) Taxes (40%) Net income Partial Balance Sheets as at December 31 Common stock Retained earnings Total equity 2019 $728 $88 $816 $340 $650 520 1,170 2019 $3,200 1,200 300 1,700 340 1,360 2018 544 $816 $540 432 972 How much of the free cash flow did Computron use for dividends in 2019?

Answer rating: 100% (QA)

Calculate amount of dividend in 2019 as s... View the full answer