Question
Compute the missing amounts (in millions) in the following table. (The balance in retained earnings at year-end 2019 was $2.8.) Comment on the firm's performance
Compute the missing amounts (in millions) in the following table. (The balance in retained earnings at year-end 2019 was $2.8.) Comment on the firm's performance over the three-year period after calculating the level of expenses as a percentage of total revenues and net income as a percentage of total revenues.
| In millions | 2017 | 2018 | 2019 |
| Retained earnings (beginning) | 1.5 | 2.0 | ? |
| Revenues | 9.3 | 12.4 | 11.8 |
| Expenses | 6.6 | ? | 11.0 |
| Dividends | ? | 0.6 | 0.6 |
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
10th Edition
1266824014, 9781266824012
