Assume that all dividends declared were actually paid

Assignment Help Financial Management

Reference no: EM131571586

Electronics World Inc. paid out $15.8 million in total common dividends and $369.1 million of retained earnings at year-end. The prior year's retained earnings were $251 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

Reference no: EM131571586

Questions Cloud

Find ways to select countries in the united nations : How many ways are there to select 12 countries in the United Nations to serve on a council if 3 are selected from a block of 45, 4 are selected from a block.

Describes the changing role of business in society : Describes the changing role of business in society - establish effective arrangements for auditing, monitoring, reporting.

Research project on criminal justice : All components of the Final Research Paper must be written using current APA formatting and must be on the same criminal justice topic that you selected

Compute the steady state temperature : Compute the steady state temperature u(r, ?) and then compute u(2, p/4) of a circular plate of radius R = 4

Assume that all dividends declared were actually paid : What was the net income? Assume that all dividends declared were actually paid.

Net present value of project by treating initial cost : Calculate the "net present value" of project by treating initial cost as cash outflow (negative) in present ad adding present value of subsequent cash inflows.

Six lowercase letters of english alphabet contain one vowel : The English alphabet contains 21 consonants and five vowels. How many strings of six lowercase letters of the English alphabet contain.

Examine decisions and changes in the project scope : Analyze the necessity and importance of creating a customer-focused scope decision in the process of defining the scope for a project.

Financial management system : Tom Anderson is the controller for Morningside Medical Clinic. At the end of each month, the financial management system used by Morningside.

User Account

All Pages