Marlon reported earnings of 54 million and paid dividends

Assignment Help Finance Basics

Reference no: EM13477326

On January 2, 2013, Miller Properties paid $28 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2013.

The carrying amount of Marlon's net assets was $117 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $36 million above cost. The remaining amortization period for the patent is 10 years.

Marlon reported earnings of $54 million and paid dividends of $6 million during 2013. On December 31, 2013, Marlon's common stock was trading on the NYSE at $27.5 per share.

a) Income statement total?
b) Balance sheet total?
c) Operating cash flow total? Investing cash flow total?

Reference no: EM13477326

Questions Cloud

Find price of bonds issued on january 1 2013 create journal : mcwherter instruments sold 450 million of 10 bonds dated january 1 on january 1 2013. the bonds mature on december 31

Scheuer enterprises consists of a beta of 110 the real : scheuer enterprises has a beta of 1.10 the real risk-free rate is 2.00 investors expect a 3.00 future inflation rate

Compute total current liabilities total long-term : transit airlines provides regional jet service in the mid-south. the following is information on liabilities of transit

A compute stock as beta round your answer to two decimal : suppose rrf 5 rm 8 and ra 14.a. calculate stock as beta. round your answer to two decimal places.b. if stock as beta

Marlon reported earnings of 54 million and paid dividends : on january 2 2013 miller properties paid 28 million for 1 million shares of marlon companys 6 million outstanding

If the markets required rate of return is 8 and the : suppose you manage a 5.08 million fund that consists of four stocks with the following

Determine an advertising campaign which experienced legal : determine an advertising campaign which experienced legal issues. in a two to three page paper explain the issues and

By how much does the required return on the riskier stock : stock r has a beta of 1.2 stock s has a beta of 0.85 the expected rate of return on an average stock is 10 and the

Create journal entry to record fuzzy monkeys investment on : fuzzy monkey technologies inc. purchased as a long-term investment 190 million of 8 bonds dated january 1 on january 1

User Account

All Pages