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Suppose a company had $7 million net income for year 2014, and paid out dividends of $0.6 per share. The company has 10 million shares
Suppose a company had $7 million net income for year 2014, and paid out dividends of $0.6 per share. The company has 10 million shares outstanding. If the company had $26 million retained earning at the end of year 2013, the balance of the retained earnings now (year 2014) is $_____ millions.
Answer in millions, and round it to a whole million. Do not include the $ sign or comma, e.g., 55 (for $55 million).
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