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Key Relations: Revenues, Expenses, Dividends, and Retained Earnings Compute the missing amounts in the following table. At the end of 2015, retained earnings had a
Key Relations: Revenues, Expenses, Dividends, and Retained Earnings Compute the missing amounts in the following table. At the end of 2015, retained earnings had a balance of negative $2,086. (Round to one decimal point. Hint: Dividends reduce the retained earnings account.) 2013 2014 2015 Retained earnings (beginning) $(1,746.5) $(1,830.5) 5,327.0 5,628.0 $(2,653.0) Revenues 4,840.5 Expenses 5,425.0 Dividends 17.5 (b) Calculate expenses as a percentage of revenues for the three years. Round your answer to one decimal place. 2013 2014 2015 105.7 % X% (c) Calculate net income as a percentage of revenues for the three years. Round your answer to one decimal place. Use negative signs with answers when appropriate. 2013 2014 2015 X%
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