At the end of 2017 a fast-growing advertising agency had a negative balance of $596 million in

Question:

At the end of 2017 a fast-growing advertising agency had a negative balance of $596 million in its retained earnings account. Compute the missing amounts in the following table, and comment on the company€™s performance. Specifically, analyze the company€™s sales growth, profits, profits as a percentage of sales, and dividends declared as a percentage of net income (dollars in millions).

2017 2016 2015 $ (523) $ (758) ? $ (499) Beginning retained earnings Revenues for the period Expenses for the period Div