The following numbers appeared in the annual report of ABC, Inc

Finance Sep 25, 2020

The following numbers appeared in the annual report of ABC, Inc. for the fiscal year el.t:ing May 2017 (in millions of dollars):
Fiscal 2017 Fiscal 2016 Total assets 15,000 17,800 Total stockholders' equity 5,600 5,400 Total revenues 14,700 14,600 Net income 850 880 Common share issues 575 520 Common dividends 640 590 Common stock repurchases 680 1,200

Expert Solution

Cash dividend = 640

Stock repurchases = 680

Share issues = 575

Net payout to common shareholders = 680 + 640 - 575

Net payout to common shareholders = 745

Comprehensive Income = 5600 - 5400 + 745

Comprehensive Income = 945

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