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In its recent income statement, Smith Software Inc. reported $9 million of net income, and in its year-end balance sheet, Smith reported $343 million of
In its recent income statement, Smith Software Inc. reported $9 million of net income, and in its year-end balance sheet, Smith reported $343 million of retained earnings. The previous year, its balance sheet showed $338 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.) $9.00 $5.00 $4.00 $2.00 $16.00
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