Electronic world inc paid out $24 million in total common dividends and reported $255.6 million of retained earnings at year-end. The prior year's retained earnings were $173.8 million. What was the net income? Assume that all dividens delcared were actually paid.

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A: Dividends refer to the distribution of any portion of the profits or any surplus of the company…

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A:

Q: Florida Co. just paid total dividends of $750,000 and reported additions to retained earnings of…

A: Dividend paid =$750,000 Addition retained earnings =$2250000 Shares =585000 PE ratio= 16 times

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A: Net profit margin is calculated on on sales, the equation is  Net profit margin =net profitsales*100

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A: Retained earnings are the amount which was retained by the company after all of its expenses…

Q: At the beginning of the year, the net assets of Shannon Co. were $617,900. The only transactions…

A: We know that Return on Equity = ( Net Income /Average shareholders equity) Net Assets = Total Assets…

Q: MJ INC. paid out $44.8 million in total common dividend and reported $289.4 million of retained…

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Q: Schaeffer Corporation reports $50 million accumulated other comprehensive income in its balance…

A: Comprehensive income: Comprehensive income represents the amount of net income plus other…

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A: As per the Balance Sheet Equation, Liabilities + Owner's Equity= Assets Assets Increased by $130000…

Q: At the beginning of the current year, Wilson Corporation had 200,000 shares of 1$ par common stock…

A: Retained earnings: These are the residual earnings with the company that are used either for…

Q: What is the net income for the current year? During the year, Homo sold 100,000 shares with P20 par…

A: Net income for the current year This can be arrived using the Cash flow statement as follows:

Q: The board of directors of Kendall Co. declared cash dividends totaling $390,000 during the current…

A: Cash Dividend :- Dividend pay by company out of earning in the form of cash to shareholders.

Q: Fuentes Corporation reported a net income of $152,000, declared dividends on common stock of…

A: Given the following information: Net income: $152,000 Declared dividends on common stock $50,000…

Q: Basic Solutions Company reported net earnings of $60,000, declared and paid cash dividends on its…

A: Retained earning balance can be calculated by adding up net income and deducting cash dividends from…

Q: Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid…

A: Given the following information: Additions to retained earnings: $285,000 Dividends paid in cash:…

Q: Ullrich Printing Inc. paid out $20,850 of common dividends during the year. It ended the year with…

A: Net income = Dividend Paid + Increase in retain earnings

Q: National Company's net income last year was P75,000. The company paid preferred dividends of P12,000…

A: Return on common stockholders equity means net earnings earned on the investment made by common…

Q: During the most recent quarter XYZ Corp had $1.6 million in revenues and 970, 800 in expenses. The…

A: Working note:

Q: Net income for the period totaled OMR75,000, preferred dividends paid totaled OMR10,000, and common…

A: It is pertinent to note that preferred dividends are paid in prior to dividends to be paid to common…

Q: Given the information below for ATH Corp., what was the amount of Dividends declared during the…

A: Ending Retained Earnings = Beginning Retained Earnings + Net Income - Dividend Declared

Q: Reliable Corporation had sales of $61,122,248, cost of goods sold of $24,201,696, operating expenses…

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Q: The Harbinger Corporation reported net income of $6 million and total assets of $7 million in its…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: Last year K. Billingsworth & Co. had earnings per shareof $4 and dividends per share of $2.…

A: The calculation is shown: Hence, debt to total capital is 33.33%.

Q: The management of Oriole Company is trying to decide whether it can increase its dividend. During…

A: Formula: Free cash flow = Net cash provided by operating activities - Dividends paid - Capital…

Q: Jamaica Tours, Inc. started the year with a balance of retained earnings of $1,810 million. The…

A: Calculate the End of Year Balance in Retained Earnings:The end of Year Balance in Retained Earnings…

Q: In its most recent financial statements, Del-Castillo Inc. reported $70 millionof net income and…

A: net income  = $70 million retained earnings = $900 million   previous year retained earnings =…

Q: amount of Dividends declared during the current period?

A:

Q: The board of directors of Tirico Corp. declared cash dividends of $260,000 during the current year.…

A:

Q: Given the information below for ATH Corp., what was the amount of Dividends declared during the…

A: Amount of Dividends declared during the current period = Beginning Retained Earnings + Net Income -…

Q: A company had total revenues of $62 million, operating margin of 38.4%, and depreciation and…

A: EV/EBITDA is the ratio between enterprise value and earnings before interest, taxes, depreciation…

Q: The net income of​ Hendley, Inc. for the year is $35,000. The dividends declared during the year…

A: Increase (decrease) in Retained Earnings = Net income for the year - Dividends declared during the…

Q: Quartz Corporation had retained earnings balances of $480,000 and $400,000 at the beginning and…

A: Option (a) $30,000 is the correct answer

Q: During the year, ChemClean Corporation has $280,000 in revenues, $130,000 in expenses,and $10,000 in…

A: Definition: Net income: The bottom line of an income statement which is the result of excess…

Q: At the beginning of fiscal 2010 Phoebe Bridgers INC had retained earnings of USD1,000,000 and at the…

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Q: What is the current ratio after the declaration but before payment? What is the current ratio after…

A: Current Ratio = Current Assets / Current Liabilities Current Assets = $616000 Current Liabilities =…

Q: Develop Rattner’s end-ofyear statement of stockholders’ equity. f. If the firm’s stock price at…

A: EVA and MVA are the two methods used to value a company. EVA is the economic value added and MVA is…

Q: Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000…

A: Introduction: EPS: EPS stands for Earnings per share. It tell the profit earned on each outstanding…

Q: yellow Fire had Net Income for the year just ended of $1,850, and the firm paid out $500 in cash…

A: Net Income is of $1,850 Cash dividend paid are $500 Common shares out standing are 10,000 Current…

Q: During 2014, Nonut Bakery paid out RM33,525 of common dividends. It ended the year with RM197,500 of…

A: Retained earnings and net income are related but distinct. There may be times when your business has…

Q: TeleLink reports retained earnings at the end of the current year of $32,598 million and retained…

A: Given ÷ Retained earnings at the end of the current year = $32,598 million Retained earnings at the…

Q: Electronics World Inc. paid out $22.4 million intotal common dividends and reported $144.7 million…

A: The net profit of the company is the amount of profit after charging all the expenses a company has…

Q: In its most recent financial statements, Nessler Inc. reported $60 million of net income and $660…

A: Equity capital is the funds invested by the owners of the company. The equity holders of the owners…

Q: During 2018 Bajery paid out $33,525 of common dividends. In ended the year with $187,500 of retained…

A: The formula is -  Retained earnings(2018) = Retained earnings(2017) + Net Income(2018) -…