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Question 13 - On Sept 30th, the Zeeco Corp had a Retained Earnings balance of $7,933 million. One year later it had jumped to $9,557

Question 13 - On Sept 30th, the Zeeco Corp had a Retained Earnings balance of $7,933 million. One year later it had jumped to $9,557 million. They sold no stock during the year but did pay $342 million in common dividends. Their DPS = $0.51. Given this information:

a. what must have been their net income for the year (8 points ) and b. how many shares of stock must be outstanding (only 2 points - yes this part is difficult)

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