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Required information E11-12 (Static) Finding Information Missing from an Annual Report LO11-1, 11-3, 11-4 [The following information applies to the questions displayed below.] Procter &

image text in transcribedimage text in transcribed Required information E11-12 (Static) Finding Information Missing from an Annual Report LO11-1, 11-3, 11-4 [The following information applies to the questions displayed below.] Procter & Gamble sells products that are part of most of our daily lives, including Crest, Duracell, Olay, Gillette, Tide, and Vicks. A recent annual report for P&G contained the following information: a. Retained earnings at the end of last year totaled $80,197 million. b. Net income for the current year was $11,643 million. c. Par value of the stock is $1 per share. d. Cash dividends declared in the current year were $6,850 million. e. The Common Stock account totaled $4,009 million at the end of the current year and $4,009 million at the end of last year. Assume that no other information concerning stockholders' equity is relevant: E11-12 Part 1 Required: 1. Calculate the number of shares issued at the end of the current year. (Enter your answer in millions.) Shares issued million Required information E11-12 (Static) Finding Information Missing from an Annual Report LO11-1, 11-3, 11-4 [The following information applies to the questions displayed below.] Procter & Gamble sells products that are part of most of our daily lives, including Crest, Duracell, Olay, Gillette, Tide, and Vicks. A recent annual report for P&G contained the following information: a. Retained earnings at the end of last year totaled $80,197 million. b. Net income for the current year was $11,643 million. c. Par value of the stock is $1 per share. d. Cash dividends declared in the current year were $6,850 million. e. The Common Stock account totaled $4,009 million at the end of the current year and $4,009 million at the end of last year. Assume that no other information concerning stockholders' equity is relevant: E11-12 Part 2 2. Calculate the amount of retained earnings at the end of the current year. (Enter your answer in millions.) Retained earnings million

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