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FrozzbozCo International has the following Income statement for 2012. What is the firms Retained Earnings if they pay out 0.62 of their Net Income as

FrozzbozCo International has the following Income statement for 2012. What is the firms Retained Earnings if they pay out 0.62 of their Net Income as Dividends? (Round to nearest penny and do not enter commas, e.g. 1234.56)

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2012 Income Statement Revenue 228508 Costs 90969 Depreciation 15444 Ebit Interest Expense 14610 Taxable Income Tax Expense @ 22% Net Income

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