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Mr. Huskers Tuxedos Corp. began the year 2015 with $260 million in retained earnings. The firm earned net income of $35 million in 2015 and
Mr. Huskers Tuxedos Corp. began the year 2015 with $260 million in retained earnings. The firm earned net income of $35 million in 2015 and paid dividends of $9 million to its preferred stockholders and $16 million to its common stockholders.
What is the year-end 2015 balance in retained earnings for Mr. Huskers Tuxedos? (Enter your answer in millions of dollars.)
Retained earnings $________ m
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