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Electronics World Inc. paid out $42.7 million in total common dividends and reported $307.3 million of retained earnings at year-end. The prior year's retained earnings
Electronics World Inc. paid out $42.7 million in total common dividends and reported $307.3 million of retained earnings at year-end. The prior year's retained earnings were $205.9 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely
$___________
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