In FY 2019, Alpha company had Sales of $10 million, EBIT of $1 million and Net Income
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Question:
In FY 2019, Alpha company had Sales of $10 million, EBIT of $1 million and Net Income of $500,000. The firm also paid dividends of $150,000 during the year.
If Alpha started the year with equity of $900,000, what will it's year ending equity be?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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