Question
A company has the following information: 2015 Retained Earnings - $12.0 billion 2016 Net Income - $3.5 billion 2016 CAPEX - $200.0 million 2016 Preferred
A company has the following information:
- 2015 Retained Earnings - $12.0billion
- 2016 Net Income - $3.5billion
- 2016 CAPEX - $200.0million
- 2016 Preferred Dividends - $100.0million
- 2016 Cash Dividends - $400.0million
What is the retained earnings balance at the end of 2016?
A.$15.5 billion
B.$15.2 billion
C.$14.8 billion
D.$15.0 billion
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
