36. The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $2,100,000 and retained earnings at $4,400,000. The next year, retained earnings were listed at $4,700,000. The firm's net income in 2011 was $1,000,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2011?
37. A firm has a long-term debt-equity ratio of 0.3. Shareholders' equity is $.99 million. Current assets are $279,000, and the current ratio is 1.8. The only current liabilities are notes payable. What is the total debt-equity ratio?
38. A firm has a debt-to-equity ratio of 0.60 and a market-to-book ratio of 3.0. What is the ratio of the book value of debt to the market value of equity?© BrainMass Inc. brainmass.com December 15, 2020, 9:24 pm ad1c9bdddf
The expert determines how to calculate dividends paid, debt-equity ratio and the book value of debt.