1. Accounting Relations
a. A firm’s balance sheet lists $3,067 million in shareholders’ equity and $1,204 million in liabilities. What is the carrying value of its assets? b. This firm’s equity trades at $4,569 million. What is its price-to-book ratio?
2. Comprehensive Income ACME Corporation reported net income of $222.9 million for 2016. It also unrealized gains on investments of $332.9 million and foreign currency translation gains of $16.5 million, both as part of “other comprehensive income” in its Statement of Shareholders’ Equity. What was ACME’s comprehensive income for 2016?
3. Changes in Shareholders’ Equity ACME Corporation reported $6,525.3 million in shareholders’ equity at the end of 2015 and $6,859.2 million at the end of 2016. It reported $572.3 in comprehensive income for 2016. What was the net payout to shareholders during the year?
Get Answers For Free
Most questions answered within 1 hours.