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Assume the following: Retained earnings in 2016 were $68M. Assume that in 2017 Net Income was $20M and $13M was paid out in dividends. Retained

Assume the following: Retained earnings in 2016 were $68M. Assume that in 2017 Net Income was $20M and $13M was paid out in dividends. Retained earnings in 2017 were? 2 answers

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