STATEMENT OF STOCKHOLDERS’ EQUITY

STATEMENT OF STOCKHOLDERS’ EQUITY
Patterson Brothers recently reported an EBITDA of $13.5 million and net income of $3.5 million. It had $2.0 million of interest expense, and its corporate tax rate was
30%. What was its charge for depreciation and amortization? 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. Do not round intermediate calculations.

STATEMENT OF STOCKHOLDERS’ EQUITY

In its most recent financial statements, Nessler Inc. reported $60 million of net income and $660 million of retained earnings. The previous retained earnings were
$614 million. How much in dividends were paid to shareholders during the year? 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.

$

MVA

Harper Industries has $500 million of common equity on its balance sheet; its stock price is $32 per share; and its market value added (MVA) is $150 million. How many
common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the
nearest whole number, if necessary.
common shares

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