Question
Caterpillar Inc. reports the following (in $ millions) for the year: Net Income of $556; Retained Earnings at the end of the year of $12,885;
Caterpillar Inc. reports the following (in $ millions) for the year: Net Income of $556; Retained Earnings at the end of the year of $12,885; and Retained Earnings at the beginning of the year of $12,329. Assume that there were no other retained earnings transactions during the year. What dividends did the firm pay during the year?
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Corporate Finance For Dummies
Authors: Michael Taillard
2nd Edition
1119850312, 978-1119850311
