Net income and paid million in dividends

Assignment Help Finance Basics
Reference no: EM131992439

Long-term debt$67,000,000

Preferred stock 4,200,000

Common stock ($1 par value) 17,000,000

Capital surplus 47,000,000

Accumulated retained earnings 137,000,000

During the past year, the company issued 12 million shares of new stock at a total price of $62 million, and issued $37 million in new long-term debt. The company generated $13 million in net income and paid $4 million in dividends.

Reference no: EM131992439

Questions Cloud

Project - Effect of Audit Independence on Auditor Opinions : Need to paraphrase the attached project. Project - Effect of Audit Independence on Auditor's Opinions
What dividend policy would you recommend for turtle co : a. What dividend policy would you recommend for Turtle Co.?
What is the firm dividend yield : The shares of the Dyer Drilling Co. sell for $125. The firm has a P/E ratio of 25. Thirty percent of earnings is paid out in dividends.
Weighted-average cost of capital remains unchanged : In perfect capital markets the cost of equity increases as more debt is issued, but the weighted-average cost of capital remains unchanged.
Net income and paid million in dividends : During the past year, the company issued 12 million shares of new stock at a total price of $62 million, and issued $37 million in new long-term debt.
Analyse key audit matters in the independent auditors report : Explain clearly what it is and select an industry, eg. banking, mining, etc and analyse Key Audit Matters in the Independent Auditors
Compute becker brothers overall gain or loss : Compute Becker Brothers' overall gain or loss from managing the issue
What were the corporation earnings per share : a. What were the corporation's earnings per share before the offering? b. What are the corporation's earnings per share expected to be after the offering?
Compute the current yield on both bonds : Compute the current yield on both bonds. (Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places.)

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute stock price using the dividend discount model

(Relative valuation of common stock) Using the P/E ratio approach to valuation, calculate the value of a share of stock under the following conditions.

  Cash flow from operating activities

What was the cash flow from operating activities? If accruals increased by $25,000, receivables and inventories increased by $100,000, and depreciation and amortization totaled $10,000, what was the firm's net income?

  Develop a three- to four-page analysis excluding the title

develop a three- to four-page analysis excluding the title and reference pages on the projected return on investment

  Assumptions needed for the completion of assignments

Note: You may create and / or make all necessary assumptions needed for the completion of these assignments. Select one (1) of the scenarios and write a four to five (4-5) page paper in which you:

  Calculate the quantity of output produced

A company has a degree of combined leverage of 1.25. Price per unit is $15 and variable cost per unit is $5. Interest costs is $10,000 and fixed costs are $190,000.

  Assess the profit potential using marginal analysis

One question that arose during the meeting was about how the company's profitability in their toothpaste division would be impacted by the expansion. The Board asked you to assess profit potential using marginal analysis.

  Prepare pro jonna income statements and balance sheets

Prepare pro Jonna income statements and balance sheets for the next 3 years, given the following predictions: Inflation is expected to increase dollar sales.

  Find the initial premium in given case

A 3-year endowment insurance policy on (60) provides for benefits paid at the end of the year of death of: 500 if death occures in the first year.

  Annual interest rate compounded monthly

How much interest is to be paid in the second year of a 6-year loan of $100,000 with payments occurring at the end of each month

  Calculate the expected return on the portfolio

Calculate the expected return on the portfolio after the purchase of the Tundra stock? Calculate the expected beta on the portfolio after you add the new stock?

  Targeted marketing and mass marketing

1. Distinguish between targeted marketing and mass marketing and explain what led to the rise of each.

  What exactly does it mean to say that the goal is to maximiz

What exactly does it mean to say that the goal is to maximize shareholder wealth?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd