Question
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $3.0
Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. Coca-Cola reports an increase in retained earnings of $3.0 billion and net income of $6.5 billion. 2. Pepsico reports an increase in retained earnings of $3.2 billion and dividends of $2.4 billion. 3. Google reports an increase in retained earnings of $1.58 billion and net income of $1.58 billion. 4. Sirius Satellite Radio reports beginning retained earnings of $1.64 billion, net loss of $0.98 billion, and $0 dividends. 5. Abercrombie & Fitch reports ending retained earnings of $1.52 billion, net income of $0.41 billion, and dividends of $0.04 billion.
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