Southern Healthcare had an equity balance of $172 million at the beginning of the year.
At year-end, its equity balance was $196 million.
Assume the company is not-for-profit, what was its net income for the year?
Now assume it’s a for-profit company with a 26% tax rate.
Assuming no dividends, what is its net income?
Assume $3 million in dividends, what is the net income?
Assume $3 million in dividends, and $5 million in additional stock sales; what is its net income?