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0 Time Left:0:46:40 Carah Wilmington: Attempt 1 profit maximization revenue maximization shareholder wealth maximization tax minimization Question 5 (3 points) Suppose a company had $6
0 Time Left:0:46:40 Carah Wilmington: Attempt 1 profit maximization revenue maximization shareholder wealth maximization tax minimization Question 5 (3 points) Suppose a company had $6 million net income for year 2020, and paid out dividends of $0.4 per share. The company has 10 million shares outstanding. If the company had $28 million retained earning at the end of year 2019, the balance of the retained earnings now (year 2020) is $ millions. Answer in millions, and round it to a whole million. Do not include the $ sign or comma, e.g., 55 (for $55 million). Your Answer: Answer Saved Question 6 (1 point) Shareholders elect to represent their interest in the firm. search Hotspot Shield FS F4 F6 F7 FB F9 F10 F11 # $ 4 % 5 & 7 3 6 8 B 9 0
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