Chapter 1, Problem 25E

In its most recent financial statements, Nessler Inc. reported $75 million of net income and $825 million of retained earnings. The previous retained earnings were $784 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.

Electronics World Inc. paid out $22.4 million intotal common dividends and reported $144.7 million of retained earnings at year-end. Theprior year’s retained earnings were $95.5 million. What was the net income? Assume thatall dividends declared were actually paid.

TeleLink reports retained earnings at the end of the current year of $32,598 million and retained earnings at the end of the previous year of $30,091 million. The company reported dividends of $3,940 million and other transactions with shareholders that reduced retained earnings during the current year by $1,806 million.How much net income did the firm report in the current year?  And is it income or loss?

Leone Inc., a listed corporation, reported on its Statement of Financial Position total assets of Php85,000,000. The company maintains its debt ratio of 70% and has outstanding capital stocks of 1 million. Given their performance and financial stability their stocks were traded at Php30 per share. Based on the foregoing, the book-to-market ratio of Leone Inc. is?

Statement of Retained Earnings In its most recent financial statements, Del-Castillo Inc. reported $50 million of net income and $930 million of retained earnings. The previous retained earnings were $890 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.

Jamaica Tours, Inc. started the year with a balance of retained earnings of $1,810 million. The company reported net income for the year of $302 million, paid dividends of $21 million to the preferred stockholders and $61 million to common stockholders.   Calculate Jamaica Tour’s end-of-year balance in retained earnings. (Enter your answer in millions of dollars.)     Retained earnings   million

Please show working for each question 1. In its most recent financial statements, Nessler Inc. reported $50 million of net income and $550 million of retained earnings. The previous retained earnings were $512 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.    2. Byron Books Inc. recently reported $6 million of net income. Its EBIT was $12.6 million, and its tax rate was 40%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $6 million of net income by (1 - T) = 0.6 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.) Write out your answer completely. For example, 25 million should…

On 12/31/18, Hairs Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/17, the company had reported $555,000 of retained earnings. No shares were repurchased during 2018. How much in dividends did Hairs' pay during 2018?  a.$52,500 b$49,875 c.$47,381 d.$55,125 e.$57,881

Stockholders' equity The right side of the balance sheet shows the firm’s liabilities and stockholders’ equity. Which of the following best describes shareholders’ equity? Equity is the initial claim on value of the assets before the firm pays off its liabilities.   Equity is the difference between the company’s assets and liabilities.     NOW Inc. released its annual results and financial statements. Grace is reading the summary in the business pages of today’s paper. In its annual report this year, NOW Inc. reported a net income of $148 million. Last year, the company reported a retained earnings balance of $476 million, whereas this year it increased to $560 million. How much was paid out in dividends this year? $64 million   $232 million   $325 million   $4 million   Accounting statements represent a company’s earnings, but this is not the real cash that a company generates. Earnings data can be manipulated and can be deceiving. Thus,…