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Retained earnings was reported in Apple Computers year-end balance sheet at $101.3 billion. If retained earnings was $62.8 billion at the beginning of the year,
Retained earnings was reported in Apple Computers year-end balance sheet at $101.3 billion. If retained earnings was $62.8 billion at the beginning of the year, determine net income for the year if a $2.5 billion dividend was declared during the year. (Enter your answer in billions of dollars rounded to 1 decimal place.)
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