BUS_320_Chapter_3_Assignment

BUS_320_Chapter_3_Assignment - 3) Company XYZ paid out...

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BUS 320 Chapter 3 Assignment 1) Sawyer Enterprises Inc. recently reported net income of $4.2 million and depreciation of $700,000. What was its net cash flow? Assume it had no amortization expense. 2) In its most recent financial statements, Nestle Inc. reported $70 million of net income and $620 million of retained earnings. The previous retained earnings were $570 million. How much dividends were paid to shareholders during the year?
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Unformatted text preview: 3) Company XYZ paid out $45.5 million in total common dividends and reported $323.7 million of retained earnings at year-end. The prior years retained earnings were $275.4 million. What was the net income? 4) Duplin Industries has $650 million of common equity; its stock price is $75 per share; and its Market Value Added (MVA) is $275 million. How many common shares are currently outstanding?...
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