The year-end 2015 balance sheet of XYZ Inc. listed common stock and other paid-in capital at $1,100,000 and retained earnings at $3,500,000. The next year, retained earnings were listed at $3,800,000. The firm's net income in 2016 was $700,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2016? OA. $400,000 O B. $600,000 O c. $500,000 O D. $800,000

The year-end 2015 balance sheet of XYZ Inc. listed common stock and other paid-in capital at $1,100,000 and retained earnings at $3,500,000. The next year, retained earnings were listed at $3,800,000. The firm's net income in 2016 was $700,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2016? OA. $400,000 O B. $600,000 O c. $500,000 O D. $800,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The previous year's balance sheet for Brown's Produce showed total common equity of $4,050,000 and 180,000 shares of stock outstanding. During the year, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at the end of the year, assuming no common stock was either issued or retired during 2016? Your answer should be between 16.42 and 37.15, rounded to 2 decimal places, with no special characters.
Rudolph Corporation showed retained earnings of $400,000 on its balance sheet for 2016. In 2017, the company’s earnings per share (EPS) were $3.00 and its dividends paid per share (DPS) were $1.00. The company has 200,000 shares of stock outstanding. What will be the level of retained earnings on the company’s 2017 balance sheet?
Calculate the P/R for (WMT) as of November 14, 2017, when the company's stock price closed at $91.09.2 The company's profit for the fiscal year ending January 31, 2017, was US$13.64 billion, and its number of shares outstanding was 3.1 billion.
An analyst compiled the following information for Universe, Inc., for the year ended December 31, 2016: • Net income was $850,000. • Depreciation expense was $200,000. • Interest paid was $100,000. • Income taxes paid were $50,000. • Common stock was sold for $100,000. • Preferred stock (8% annual dividend) was sold at par value of $125,000. • Common stock dividends of $25,000 were paid. • Preferred stock dividends of $10,000 were paid. • Equipment with a book value of $50,000 was sold for $100,000. Using the indirect method, what was Universe, Inc.’s net cash flow from operating activities for the year ended December 31, 2016? a. $1,000,000 b. $1,015,000 c. $1,040,000 d. $1,050,000
K Grocers’ 2016 balance sheet shows average shareholders’ equity of $9,264 million, net income of $1,505 million, and common shares issued of $1,918 million. The company has no preferred shares issued. K Grocers’ return on common equity for the year is?
Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,880.0 $11,580.0 Dividends declared for common stockholders 490 410 Dividends declared for preferred stockholders Net income 1,840 2,140 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2017, Walmart had 3,060 million shares outstanding with a share price of $146. The company's weighted-average cost of capital was about 5%. Assume a tax rate of 35%. Balance Sheet (figures in $ millions) End of Year Start of Year Assets Current assets: Cash and marketable securities $ 6,956 $ 7,067 Accounts receivable 5,814 6,035 Inventories 43,983 43,246 Other current assets 3,711 2,141 Total current assets $ 60,464 $ 58,489 Fixed assets: Net fixed assets $ 115,018 $ 114,378 Other long-term assets 30,240 27,158 Total assets $ 205,722 $ 200,025 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 46,292 $ 41,633 Other current liabilities 32,629 25,695 Total current liabilities $ 78,921 $ 67,328 Long-term debt 37,025…
December 31, 2013, Melissa Company showed shareholders' canny of P5,000,000. The share capital of P3,000,000 remained unchanged during the year. Transactions during the year which affected the equity were: An adjustment of retained earnings for 2012 over-depreciation - 100,000; Gain on sale of treasury shares - 300,000; Dividend declared, of which P400,000 was paid - 600,000; Net income for 2013 - 800,000. What is the balance of retained earnings on January 1, 2013?
The year-end balance sheet of Brandex listed common stock and other paid capital at $2,400,000 and retained earnings at $4,700,00. The next year, retained earnings were listed at $5,000,000. The firms net income in 2019 was $1,030,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2019?
Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,990.0 $11,690.0 Dividends declared for common stockholders 545 390 Dividends declared for preferred stockholders Net income 1,895 2,195 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016 Payout ratio
R.R. Donnelley & Sons. How many shares of the company's stock are outstanding? What is the total market value of the firm? What were its profits in the most recent fiscal year? (as on 2015) (collect data from finance.yahoo.com)
The average stockholders’ equity for TWU Company for 2017 was $2,000,000. Included in this figure is $200,000 par value of 8% preferred stock, which remain unchanged during the year. The return on common shareholders’ equity was 12.5% during 2017. How much was the net income of the company in 2017?

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