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solina solina
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6 years ago
(2,000)
Total assets    $26,400    $?
Accounts payable    $4,200    $ 7,000
Bonds    4,000    4,000
Common stock    15,000    16,000
Retained earnings    3,200    3,800
Total debt and equity    $26,400    $?

   Shark Enterprises, Inc.
   Income Statement
   Sales    $44,900
   Cost of goods sold    (22,000)
   Gross profit    $12,900
   Operating expenses    (10,000)
   Depreciation    (400)
   EBIT    $2,500
   Interest expense    (500)
   EBT    $2,000
   Taxes    (1,000)
   Net Income    $1,000



27) Use Shark Enterprises financial statements to determine Enterprise's common stock dividend for 2017.
A) $0
B) $400
C) $600
D) Cannot be determined with available information
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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