Question
Looking at the financials for the good old XYZ Corp, in 2016 they had a retained earnings balance of $7,933 million.In 2017, just one year
Looking at the financials for the good old XYZ Corp, in 2016 they had a retained earnings balance of $7,933 million.In 2017, just one year later, it was $9,557 million!XYZ sold no stock during the year BUT they did pay out $442 million in common stock dividends.You also know that their DPS for 2017 is $0.51.
What must have been XYZ's net income for the year?
How many shares of stock must be outstanding?
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
