Question: kindly solve this quickly 4. Mints Entertainment, Inc. had net income of $170,000 and paid dividends of $0.25 per share on its 100,000 shares of
4. Mints Entertainment, Inc. had net income of $170,000 and paid dividends of $0.25 per share on its 100,000 shares of outstanding stock in this year. At the end of this year its balance sheet showed retained earnings of $250,000. What was Mint's retained earnings balance at the end of last year if the balance sheet value (Book Value) of their common stock is $1,000,000? (3 Marks) (Show your detailed calculation in your answer script) 5. You are comparing stock A to stock B. Given the following information, which one of these two stocks should you prefer and why? (4 Marks) State of Economy Boom Recession Probability of State of Economy 60% 40% Rate of Return if State Occurs Stock A Stock B 9% 15% 4% -6% (Show your detailed calculation with formula in your answer script)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
