Asked by steve
Thelma and Louie's Inc started the year with a balance of retained earnings of $547 million and ended the ear with retained earnings of $594 million. The company paid dividends of $37 million to the preferred stockholders and $77 million to common stockholder.
Calculate thelma and louie's net income to common stockholders for the year. (Enter in millions of dollars)
Net Income in millions.
Hi, I need the problem worked if you can show me thank you.
Calculate thelma and louie's net income to common stockholders for the year. (Enter in millions of dollars)
Net Income in millions.
Hi, I need the problem worked if you can show me thank you.
Answers
Answered by
steve
(547+594)/(37-77)= Net Income: $486.05 million dollars.
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