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Suppose a company had $ 10 million net income for year 2012, and paid out dividends of $ 0.6 per share. The company has 10
Suppose a company had $ 10 million net income for year 2012, and paid out dividends of $ 0.6 per share. The company has 10 million shares outstanding. If the company had $ 27 million retained earning at the end of year 2011, what is the balance of the retained earnings now (year 2012)? Answer in millions, and round it to a whole million. Do not include the $ sign, e.g., 55 (for $55 million).
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