CORPORATE FINANCE (MBA633-001) Question 9 BACK NEXT Eau Claire Paper Mill, Inc., had, at the beginning of the current fiscal year, April 1, 2012, retained earnings of $327.625. During the year ended March 31, 2013, the company produced net income after taxes of $713,325 and paid out 42 percent of its net income as dividends. Construct a statement of retained earnings and compute the year-end balance of retained earnings (Round answers to 2 decimal places, e.g. 15.25.) Eau Claire Paper Mill, Inc. Retained Earnings Question Attempts: 0 of 3 used