What was the net income, Electronics World Inc. paid out

What was the net income

Assignment Help Finance Basics

Reference no: EM131969662

Question: Electronics World Inc. paid out $9.1 million in total common dividends and reported $127.7 million of retained earnings at year-end. The prior year's retained earnings were $106 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: EM131969662

Questions Cloud

What is the nominal annual interest rate : An engineer borrows $10,000 to buy a personal computer. He must repay $218.94 a month for 5 years. What is the nominal annual interest rate.

Find the required rate of return on equity for unlevered : Find the required rate of return on equity for an unlevered commuter airline.

Compare and contrast the findings of the the articles : Compare and contrast the findings of the the articles: How are they alike? How are they different?

Estimate the incremental cash flows associated with decision : At the end of 2013, the executives at Apple evaluated a number of competitive threats to their very profitable iPhone business and decided the iPhone 6.

What was the net income : Electronics World Inc. paid out $9.1 million in total common dividends and reported $127.7 million of retained earnings at year-end.

What are the effects of buybacks on asset managers : What are the effects of buybacks on asset managers? Asset managers refers to the fund management companies who own the shares which are being bought back.

Describe the steps in executing money market hedge : Describe the steps in executing a money market hedge for Sermon. What is the effective hedge rate (cost of hedge) for Sermon using this strategy?

Find the interest rates earned on given situations : Effective rate of interest, find the interest rates earned on each of the following: you borrow $720 and promise to pay back $792 at the end of 1 year.

How much of mortgage payment : How much of a mortgage payment can they manage under these conditions?

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

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!

Submit Assignment

User Account

All Pages