Monday February 11, 2008SI Worksheet1. Kendall Corners Inc. recently reported net income of $3.1 million and depreciation of $500,000. What was its net cash flow? Assume there was no amortization expense.2. Just In Time Manufacturers paid out $20.5 million in common dividends and reported $275.9 million of retained earnings at theend of the year. The year before, they had $210.3 million of retained earnings. What was the net income?3. Michaels Industries has $600 million of common equity, a stock price of $75 per share, and MVA is $130 million. How many common shares are currently outstanding?4. Define the followinga. Spot Market vs. Futures Marketb. Money Markets vs. Capital Marketsc. Primary Markets vs. Secondary Marketsd. Private Markets vs. Public Markets5. Identify if the following are money markets or capital marketsa. US Treasury Billsb. Long Term Corporate Bondsc. Common Stocksd. Preferred Stockse. Dealer Commercial
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