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pleas help #33 On 12/31/15, Hite Industries reported retained earnings of $510,000 on its balance sheet, and it reported that it had $135,000 of net
pleas help #33
On 12/31/15, Hite Industries reported retained earnings of $510,000 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/14, the company had reported $445,000 of retained earnings. No shares were repurchased during 2015. How much in dividends did the firm pay during 2015 ? a. $60,900 b. $77,700 c. $55,300 d. 570,000 e. $53,200 Step by Step Solution
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