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Key Relations: Revenues, Expenses, Dividends, and Retained Earnings Compute the missing amounts (in millions) in the following table. (The balance in retained earnings at
Key Relations: Revenues, Expenses, Dividends, and Retained Earnings Compute the missing amounts (in millions) in the following table. (The balance in retained earnings at year-end 2019 was $2.8.) Hint: Dividends reduce the retained earnings account. Round answers one decimal place. 2017 2018 2019 Retained earnings (beginning) $1.5 $2.0 $ Revenues 9.3 12.4 Expenses 6.6 11.8 11.0 Dividends 0.6 0.6 Calculate expenses as a percentage of revenues for the three years. Round your answer to the nearest whole percentage (ex: 83%). 2017 2018 % 2019 % Calculate net income as a percentage of revenues for the three years. Round your answer to the nearest whole percentage (ex: 83%). 2017 2018 2019 % % % Check
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