Glo-Bus Quiz 2 is an exceptionally challenging quiz unless you have a firm grasp of all of the formulas and how they interact in the game itself.
Here is an example question.
If a company earns net income of $35 million in Year 8, has 10 million shares of stock, pays a dividend of $1.50 per share, and has annual interest costs of $15 million, then
the company’s retained earnings for Year 8 would be $35 million.
Incorrect as retained earnings is after the share and the interest costs are paid out.
the company’s retained earnings for Year 8 would be $5 million (net income of $35 million less dividend payments of $15 million less $15 million in interest payments) and its Year 8 EPS would be $0.50.
Incorrect as annual interests costs are taken into account for the net profit calculation.
the company’s earnings per share would equal $2.00 (net income of $35 million less dividend payments of $15 million = $20 million divided by 10 million shares).
EPS is calculated before dividends are paid out.
the company would have Year 8 EPS of $3.50 and Year 9 retained earnings of $10 million.
This is partially true as EPS is $3.50. That’s a solid number. However, retained earnings is not $10 million.
the company would have EPS of $3.50 for Year 8 and also its retained earnings for Year 8 would be $20 million
(net income of $35 million less dividend payments of $15 million).
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