STATEMENT OF STOCKHOLDERS EQUITY Electronics World Inc. paid out $22.4 million in total common dividends and reported $144.7 million of retained earnings at year-end. The prior year’s retained earnings were $95 5 million. What was the net income? Assume that all dividends declared were actually paid.
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STATEMENT OF STOCKHOLDERS EQUITY Electronics World Inc. paid out $22.4 million in total common dividends and reported $144.7 million of retained earnings at year-end. The prior year’s retained earnings were $955 million. What was the net income? Assume that all dividends declared were actually paid.
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