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Suppose a firm ended last year with a Retained Earnings balance of $150 million. This year, the firm paid out $25 million in dividends and

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Suppose a firm ended last year with a Retained Earnings balance of $150 million. This year, the firm paid out $25 million in dividends and ended with a Retained Eamings balance of $180 million. What was the firm's not income for the year? BIWANI. Exa** 3 12p1 Punch

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