QUESTION 1: In March 2019, Suncor Energy had a book value of equity of $178...
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Finance
QUESTION 1: In March 2019, Suncor Energy had a book value of equity of $178 billion, 10.6 billion shares outstanding, and a market price of $64 per share. Suncor Energy also had cash of $55billion, and total debt of $279 billion. What was Suncor Energy's book debt-to-equity ratio? (Provide the numeric answer to 2 decimal places.)
QUESTION 2: Corporation X earns $7.00 before taxes. Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend. Corporate tax rate is 27%, the personal tax rate on dividend income is 23%, and the personal tax rate on ordinary income in 29%. How much is left after all the taxes are paid? Round to the nearest 2 decimals.
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