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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 $80,297 million. b. Net income for the current year was $11,693 million. c. Par value of the stock is $1 per share. d. Cash dividends declared in the current year were $6,860 million. e. The Common Stock account totaled $4,019 million at the end of the current year and $4,019 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 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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