question 18

Canadian Tire Corporation, Limited reported net income of $692.1 million for the year ended December 29, 2018. Its retained earnings were $4,169.3 million at the beginning of the year and $3,720.7 million at the end of the year. It had no dividends payable at the beginning or end of the year. Assuming no other changes to retained earnings, what amount of dividends did Canadian Tire pay during the year? (Round answer to 1 decimal place, e.g. 15.2.) Dividend paid $ million Would your answer change if you knew that the Dividends Payable account increased during the year? The answer change if the Dividends Payable account increased during the year