STATEMENT OF STOCKHOLDERS EQUITY Computer World Inc. paid out $22 5 million in total common dividends and

Question:

STATEMENT OF STOCKHOLDERS’ EQUITY Computer World Inc. paid out $22 5 million in total common dividends and reported $278 9 million of retained earnings at year-end. The prior year’s retained earnings were $212 3 million. What was the net income? Assume that all dividends declared were actually paid.

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