Compute the missing amounts (in millions) in the following table. (The balance in retained earnings at year-end 2015 was \($2.2.)\) Comment on the firm’s performance over the three-year period after calculating the level of expenses as a percentage of total revenues and net income as a percentage of total revenues. What advice would you give to this company in regards to its dividend policy?

Transcribed Image Text:

2013 2014 2015 Retained earnings (beginning). $1.2 $ 2.0 ? Revenues. 8.8 11.8 11.8 Expenses 7.4 ? 11.0 Dividends ? .6 .6