Question: Please help! Will give thumbs up. please answer a-d LO3 M1-32. Noncontrolling Interest ANALYST ADJUSTMENTS 1.1 Assignments reinforce the Analyst Adjustments in the module. The
LO3 M1-32. Noncontrolling Interest ANALYST ADJUSTMENTS 1.1 Assignments reinforce the Analyst Adjustments in the module. The information below comes from the Form 10-K for MGM Resorts International for 2018. Year Ended December 31, 2018 (In thousands) Net income attributable to MGM Resorts International..... $ 466,772 Plus: Net income attributable to noncontrolling interests ... 117,122 Net income $ 583,894 Total MGM Resorts International stockholders' equity.. .....$ 6,512,283 Noncontrolling interests 3,957,508 Total stockholders' equity $10,469,791 MGM China paid $78 million of dividends to its shareholders of which MGM Resorts International re- ceived $44 million and noncontrolling interests received $34 million. a. If an investor is interested in the profitability of MGM Resorts' worldwide operations, which net income number would be most relevant? b. What proportion of net income was attributable to shareholders of MGM Resorts International in 2018? c. Of the total equity of MGM Resorts International, what proportion came from controlling sharehold- ers? Who is the controlling shareholder? d. Consider the dividends paid by MGM China. Based on this information alone, what proportion of the MGM China shares is owned by MGM Resorts International
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