Question
Q 2. Last year, Bay Company had 110 million in retained earnings. This year, they generated 25 million in net income. They decide to pay
Q 2. Last year, Bay Company had 110 million in retained earnings. This year, they generated 25 million in net income. They decide to pay out 40% as a dividend. Find the retained earnings for this year (in M). Answer to the nearest million (For example, enter 2 for 2 million).
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
