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GW Incorporated had $800 million in retained earnings at the beginning of the year. During the year, the firm paid $0.75 per share dividend and
GW Incorporated had $800 million in retained earnings at the beginning of the year. During the year, the firm paid $0.75 per share dividend and generated $1.92 earnings per share. The firm has 100 million shares outstanding. At the end of year, what was the level of retained eamings for GW? a. $725 million b. $917 million c. $882 million d. $807 million
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