the firm's reported net income was $77.4 million this year, its retained earnings was $509.4 million, and its previous year's retained earnings was $763.0 million. what was the firm's total dividends paid this year? (if your answer is $1.23 million, just enter 1230000).

the firm's reported net income was $77.4 million this year, its retained earnings was $509.4 million, and its previous year's retained earnings was $763.0 million. what was the firm's total dividends paid this year? (if your answer is $1.23 million, just enter 1230000).

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...

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f the firm's reported net income was $77.4 million this year, its retained earnings was $509.4 million, and its previous year's retained earnings was $763.0 million. what was the firm's total dividends paid this year? (if your answer is $1.23 million, just enter 1230000).

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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