lia Financial Management BUS-2339 aplia Ardit Lugia Cuntomer Support Sign O Exam

Question

lia Financial Management BUS-2339 aplia Ardit Lugia Cuntomer Support Sign O Exam 1 |Back to Assignment Deadline Today at 07 24 PM Attempts Score:/1 18. Problem 3.10 Problem Walk-Through Statement of Stockholders Equity Computer World Inc. paid out $40.2 million in total common dividends and reported $154.2 million of retained earnings at year-end. The prior years retained earnings were $100.2 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary Continue without saving Copyright Notices Terms of UsePrivacy Notice Security Notice Accessibility

Explanation / Answer

Dividends paid $    40,200,000 Add: Ending retained earnings $ 154,200,000 Less: Beginning retained earnings $ 100,200,000 Net income $    94,200,000

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