Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Miami Rivet has 500,000 common shares outstanding, and the common stock amount on the balance sheet is $5 million

Miami Rivet has 500,000 common shares outstanding, and the common stock amount on the balance sheet is $5 million

Finance

Miami Rivet has 500,000 common shares outstanding, and the common stock amount on the balance sheet is $5 million. The company has not issued or repurchased common stock during the year. Last year's balance in retained earnings was $11.2 million, and the firm paid out dividends of $1.8 million during the year. Based on this information Miami Rivet's Total Stockholders' Equity is: (You should enter the full number i.e. if your calculations result in a TSE of 1 million enter 1000000.)

Option 1

Low Cost Option
Download this past answer in few clicks

2.94 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE