Question
Compute the missing amounts in the following table. ( at the end of 2007, retained earnings had a balance of negative $2086) Comment on the
Compute the missing amounts in the following table. ( at the end of 2007, retained earnings had a balance of negative $2086) Comment on the company's performance over the three year period after calculating the relationship of expenses as a percentage of revenues and net income as a percentage of revenues. Do you agree with the company's dividend policy? Why?
2006 2007. 2008
Retained earning ( beginning).........................$1746.5). $5327.0. $2653.0
Revenues...........................................................4840.5. 5327.0. ?
Expenses.............................................................? 5628.0 5425.0
Dividends..............................................................-0- ? 17.5
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