How much Net Income did the company earn during the year?

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At last year’s end, total assets for Roberts Inc. were $1.2 million and accounts payable were $375,000. Sales, which last year were $2.5 million, are expected to increase by 25 percent this year. Total assets and accounts payable are proportional to sales, and that relationship will be maintained. Robert Inc. typically uses no current liabilities other than accounts payable. Common stock amounted to $425,000 last year, and retained earnings were $295,000. Roberts Inc. plans to sell new common stock in the amount of $75,000. The Firm’s profit margin on sales is 6 percent; and 60 percent of earnings will be retained. Set up Roberts Inc.’s last year balance sheet, to the extent possible, based on the information provided in this problem. Based on the balance sheet setup in Part a above, determine how much was Roberts Inc.’s long-term debt last year? Perform financial forecasting using percent of sales method (i.e., constant ratio method; do not use the AFN Equation) to determine how much…

In its most recent financial statements, Nessler Inc. reported $55 million of net income and $880 million of retained earnings. The previous retained earnings were $854 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.

Keating Company had a retained earnings balance of $5,820 at the end of last year.  This year the company projects sales of $12,850 with a 6% net profit margin and a 25% dividend payout ratio.  Forecast the balance of retained earnings at the end of this year..

Smashed Pumpkins Company paid $208 in dividends and $631 in interest over the past year. The company increased retained earnings by $528 and had accounts payable of $702. Sales for the year were $16,580 and depreciation was $756. The tax rate was 40 percent. What was the company's EBIT? Multiple Choice $6,632 $1,511 $1,227 $1,858 $2,129

Last​ year, net profits of a company were nine-elevenths of revenue. If the company declared a dividend of ​$14983 and two-seventeenths of the net profit was retained in the​ company, what was last​ year's revenue?

maynard enterprise paid $1,720 in dividends and $1,655 in interest over the past year. the common stock account increased by $1,560 and retained earnings decreased by $655. what was the company's net income?

Ivan's, incorporated, paid $490 in dividends and $590 in intrest this past year. Common stock increased by $200 and retained earnings decreased by $126. What is the net income for the year?

DEF Company is expected to have net income of $250,000 this year. The company traditionally pays out 40 percent of its net income as a dividend. DEF started the year with retained earnings of $490,500. What is their expected retained earnings at the end of the year?