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Required information (The following information applies to the questions displayed below.) A recent annual report for Wilmington, Inc. contained the following information: a. Retained earnings
Required information (The following information applies to the questions displayed below.) A recent annual report for Wilmington, Inc. contained the following information: a. Retained earnings at the end of last year totaled $80,797 million. b. Net income for the current year was $11,943 million. c. Par value of the stock is $1 per share. d. Cash dividends declared in the current year were $6,910 million. e. The Common Stock account totaled $4,069 million at the end of the current year and $4,069 million at the end of last year. Assume that no other information concerning stockholders' equity is relevant: Required: 1. Calculate the number of shares issued at the end of the current year. (Enter your answer in millions.) Shares issued million
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