Question: Provide a solution to this problem. Any ideas on how it can be solved. Comprehensive problem (discussion board): Current Accounts 2009: CA = $4,400; CL

Provide a solution to this problem. Any ideas on how it can be solved.

Comprehensive problem (discussion board):

Current Accounts

2009: CA = $4,400; CL = $1,500

2008: CA = $3,500; CL = $1,200

Fixed Assets and Depreciation

2009: NFA = $3,400; 2008: NFA = $3,100

Depreciation Expense = $400

Long-term Debt and Equity

2009: LTD = $4,000; Common stock = $500

2008: LTD = $3,950; Common stock = $400

Income Statement

EBIT = $2,000; Taxes = $300

Interest Expense = $350

If the Cash Flow Identity holds, compute the dividends paid out by the company.

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