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3-1 STATEMENT OF STOCKHOLDERS' EQUITY In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $810 million of retained earnings.
3-1\ STATEMENT OF STOCKHOLDERS' EQUITY In its most recent financial statements, Newhouse Inc. reported
$50
million of net income and
$810
million of retained earnings. The previous retained earnings were
$780
million. Newhouse has 10 million shares outstanding.\ How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.\ How much are Newhouse's earnings per share (EPS)?\ How much are Newhouse's dividends per share (DPS)?
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