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finance ch.3 - 10 Below is the common equity section(in...

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10.  Below is the common equity section (in millions) of Glenn Technology's last two year-end balance sheets:     2005 2004   Common stock  2,000 1,000   Retained earnings     2,000         2,340       Total common equity $4,080 $3,420 Glenn has never paid a dividend to its common stockholders. Which of the following statements is CORRECT? A)  The company's net income in 2005 was higher than in 2004. B)  The market price of Glenn's stock doubled in 2005. C)  The company has more equity than debt on its balance sheet. D)  Glenn had positive net income in both 2004 and 2005, but the company's net income in 2005 was lower than it was in 2004. E)  Glenn issued common stock in 2005. Points Earned:  5.0/5.0  Correct Answer(s): E 11.  Cox Corporation reported EBITDA of $22.5 million and $5.4 million of net income. The company has a $6 million interest expense and its corporate tax rate is 35%. What was Cox's depreciation and amortization expense? A)  $ 8,192,308 B)  $ 4,333,650 C)  $11,567,981 D)  $14,307,692 E)  $ 9,427,973 Points Earned:  0.0/5.0  Correct Answer(s): A 12. 
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Analysts who follow Sierra Nevada Inc. recently noted that, relative to the previous year, the
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