Chapter 3 quiz - Chapter 3 Quiz Flagler Industries recently...

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Chapter 3 Quiz Flagler Industries recently reported net income of $1.9 million and $400,000 of depreciation and amortization. What was its net cash flow? $2.3 million In its most recent financial statements, Westhouse Corp. reported $49 million of net income and $450 million of retained earnings. The previous retained earnings were $470 million. How much dividends were paid to shareholders during the year? $69 million Which of the following actions are most likely to directly increase cash as shown on a firm’s balance sheet? It buys new plant and equipment at a cost of $2 million. Jan's Home Interior had operating income (EBIT) of $850,000 after accounting for depreciation expense of $275,000. It is 100 percent equity financed (no debt), and its corporate tax rate is 30 percent. The firm had no amortization expense. Calculate the firm’s net cash flow. $870,000 Anderson's Tires has $350 million of common stock on its balance sheet. Its stock price is $25 per share, and its Market Value Added (MVA) is $200 million. How many common shares are
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This note was uploaded on 07/25/2011 for the course FINC 3334 taught by Professor Whitworth during the Winter '10 term at University of Houston.

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Chapter 3 quiz - Chapter 3 Quiz Flagler Industries recently...

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