In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,440 million of retained earnings. The previous retained earnings were $1,382 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

Question

In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,440 million of retained earnings. The previous retained earnings were $1,382 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

Expert Answer

Want to see the step-by-step answer?

See Answer

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

See Answer
*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.
Tagged in
BusinessFinance

Financial Statement Analysis

Related Finance Q&A

Find answers to questions asked by student like you

Q: need help on all

A: a.SmileWhite:Beta = 1.1Risk-Free Rate = 3.5%Expected Market Return = 15.5% Calculation of Required R...

Q: You can afford a $1350 per month mortgage payment. You've found a 30 year loan at 8% interest.a) How...

A: Part a-c:Calculation of Size of Loan, Total Money to be Paid and Total Interest:a) The size of loan ...

Q: Suppose you sell a fixed asset for $126,000 when it's book value is $157,000. If your company's marg...

A: The computation of after tax cash flow is as follows:Hence, the after tax cash flow is $136850.

Q: The simplified balance sheet for the Dutch manufacturer Rensselaer Felt (figures in € thousands) is ...

A: It is given that,Long term debts are €209,600 thousand.Short-term debts are €76,600 thousand.There a...

Q: XYZ is considering a 3-yr project. The initial outlay is -$120,000, annual cash flow is $50,000 and ...

A: The NPV can be calculated with the help of present value of all cash flows.

Q: Suppose schmidt owns some land and is trying to decide when to sell it for a shopping center develop...

A: A)She SHOULD SELL the land now.Justification: If the land is sold and the amount of $100,000 investe...

Q: The management of Digital Waves, Inc. is considering a project with a net cost of$115,000 and an ann...

A: a) Payback period is the number of years it would take for the project’s expected cash in flows to r...

Q: need help on all

A: a.Plowback Ratio = 1/5 = 0.2ROE = 10%Growth Rate = 0.2 × 10% = 0.02 or 2%Earnings per Share = $2.1Di...

Q: You have been given the following return information for a mutual fund, the market index, and the ri...

A: The computation of Sharpe ratio and Treynor ratio is as follows: