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Computer World Inc. paid out $22.5 million in total common dividends and reported $278.9 million of retained earnings at year-end

Computer World Inc. paid out $22.5 million in total common dividends and reported $278.9 million of retained earnings at year-end
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FINANCE

Problem 3-5 Statement of Stockholders’ Equity – Computer World Inc. paid out $22.5 million in total common dividends and reported $278.9 million of retained earnings at year-end. The prior year’s retained earnings were $212.3 million. What was the net income? Assume that all dividends declared were actually paid.

 

FILE: MS WORD

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