Milton,Inc

question 116

Multiple Choice

Milton,Inc.had the following transactions in 2019,its first year of operations: • Issued 8000 shares of common stock.Stock has par value of $0.01 per share and was issued at $40.00 per share.
• Earned net income of $200,000.
• Paid dividends of $8.00 per share.
At the end of 2019,what is total stockholders' equity?

• A) $320,000
• B) $456,000
• C) $136,000
• D) $584,000

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Definitions:

Performance Analysis

The practice of evaluating the efficiency, effectiveness, and performance of an organization, process, or employee.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue; the ratio of net sales to average assets.

Invested Assets

Assets acquired or invested in to generate revenue, growth, and profit for the business.

Financial Data

Quantitative information concerning the financial health, performance, and condition of a business or individual.