How do you Calculate "Change in Retained Earnings"? (Ignore the number I have down in second column for Change in R/E, it is wrong) Balance SheetAssetsCashShort-Term InvestmentsAccounts ReceivableInventoryOther Current AssetsCurrent AssetsNet Property Plant & EquipmentIntangiblesOther Long-Term AssetsTotal Long-Term AssetsTotal AssetsLiabilitiesAccounts PayableAccrued ExpensesNotes PayableCurrent Portion of Long-Term DebtOther Current LiabilitiesCurrent LiabilitiesLong-Term DebtOther Long-Term LiabilitiesTotal LiabilitiesEquityMinority InterestPreferred StockCommon StockRetained EarningsTotal Common EquityTotal Stockholders' EquityTotal Liab. & Equity$$1,400.51,462.85,283.4 $ 12,494.24,919.55,929.11,980.64,583.82,182.11,149.314,365.611,662.2$ 19,649.0 $ 24,156.4$2,462.3 $228.6870.4$1,364.0358.1$782.5 $1,278.4349.92,159.82,588.64,220.7 $5,684.29,090.23,932.6755.38,206.2$ 8,908.6 $ 22,980.68,756.3181.5693.16.9 $42.55,407.65,457.0 $$$ 5,457.0 $1,179.31,566.46.342.41,127.11,175.81,175.8$ 25,279.6 $ 26,508.0 Common Shares OutstandingStock Price (per share)Income StatementSalesCosts of Goods SoldDepreciation and AmortizationSelling, General & Administrative ExpenseEarnings Before Interest and Taxes (EBIT)InterestEarnings Before Unusual ItemsUnusual Expenses (Profits)Earnings Before Taxes (EBT)TaxesNet IncomeCommon DividendsNet IncomeCommon DividendsOther Dividends & DistributionsAddition to Retained EarningsAdditional CalculationsChange in Retained Earnings$$$ 22,386.8 $ 24,719.516,074.017,843.61,011.41,247.01,393.31,755.43,908.193.6$143253.7 $$3,814.5(503.0)4,317.5130956.81,432.62,884.9 $1,515.93,873.5170.33,703.2(2,076.8)5,780.01,262.04,518.01,760.52,884.9 $4,518.01,515.91,760.51,802.87,038.0(433.8) $ (4,280.5)#VALUE! $ (3,846.7)

Answer:- Retained earnings meaning:- After deducting dividend payments, a company's retained…

Common Shares Outstanding Stock Price (per share) Income Statement Sales Costs of Goods Sold Depreciation and Amortization Selling, General & Administrative Expense Earnings Before Interest and Taxes (EBIT) Interest Earnings Before Unusual Items Unusual Expenses (Profits) Earnings Before Taxes (EBT) Taxes Net Income Common Dividends Net Income Common Dividends Other Dividends & Distributions Addition to Retained Earnings Additional Calculations Change in Retained Earnings S 1432 53.7 $ $ 22,386.8 $ 24,719.5 16,074.0 17,843.6 1,011.4 1,247.0 1,393.3 1,755.4 3,908.1 93.6 1309 56.8 $ 2,884.9 $ 1,515.9 $ 3,814.5 3,703.2 (503.0) (2,076.8) 4,317.5 5,780.0 1,432.6 1,262.0 $ 2,884.9 $ 4,518.0 1,515.9 1,760.5 3,873.5 170.3 4,518.0 1,760.5 1,802.8 7,038.0 (433.8) $ (4,280.5) #VALUE! $ (3,846.7)

Common Shares Outstanding Stock Price (per share) Income Statement Sales Costs of Goods Sold Depreciation and Amortization Selling, General & Administrative Expense Earnings Before Interest and Taxes (EBIT) Interest Earnings Before Unusual Items Unusual Expenses (Profits) Earnings Before Taxes (EBT) Taxes Net Income Common Dividends Net Income Common Dividends Other Dividends & Distributions Addition to Retained Earnings Additional Calculations Change in Retained Earnings S 1432 53.7 $ $ 22,386.8 $ 24,719.5 16,074.0 17,843.6 1,011.4 1,247.0 1,393.3 1,755.4 3,908.1 93.6 1309 56.8 $ 2,884.9 $ 1,515.9 $ 3,814.5 3,703.2 (503.0) (2,076.8) 4,317.5 5,780.0 1,432.6 1,262.0 $ 2,884.9 $ 4,518.0 1,515.9 1,760.5 3,873.5 170.3 4,518.0 1,760.5 1,802.8 7,038.0 (433.8) $ (4,280.5) #VALUE! $ (3,846.7)

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter10: Long-term Liabilities

Section: Chapter Questions

Problem 10.10E

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Question

How do you Calculate "Change in Retained Earnings"? (Ignore the number I have down in second column for Change in R/E, it is wrong)

Balance Sheet
Assets
Cash
Short-Term Investments
Accounts Receivable
Inventory
Other Current Assets
Current Assets
Net Property Plant & Equipment
Intangibles
Other Long-Term Assets
Total Long-Term Assets
Total Assets
Liabilities
Accounts Payable
Accrued Expenses
Notes Payable
Current Portion of Long-Term Debt
Other Current Liabilities
Current Liabilities
Long-Term Debt
Other Long-Term Liabilities
Total Liabilities
Equity
Minority Interest
Preferred Stock
Common Stock
Retained Earnings
Total Common Equity
Total Stockholders' Equity
Total Liab. & Equity
$
$
1,400.5
1,462.8
5,283.4 $ 12,494.2
4,919.5
5,929.1
1,980.6
4,583.8
2,182.1
1,149.3
14,365.6
11,662.2
$ 19,649.0 $ 24,156.4
$
2,462.3 $
228.6
870.4
$
1,364.0
358.1
$
782.5 $
1,278.4
349.9
2,159.8
2,588.6
4,220.7 $
5,684.2
9,090.2
3,932.6
755.3
8,206.2
$ 8,908.6 $ 22,980.6
8,756.3
181.5
693.1
6.9 $
42.5
5,407.6
5,457.0 $
$
$ 5,457.0 $
1,179.3
1,566.4
6.3
42.4
1,127.1
1,175.8
1,175.8
$ 25,279.6 $ 26,508.0

Common Shares Outstanding
Stock Price (per share)
Income Statement
Sales
Costs of Goods Sold
Depreciation and Amortization
Selling, General & Administrative Expense
Earnings Before Interest and Taxes (EBIT)
Interest
Earnings Before Unusual Items
Unusual Expenses (Profits)
Earnings Before Taxes (EBT)
Taxes
Net Income
Common Dividends
Net Income
Common Dividends
Other Dividends & Distributions
Addition to Retained Earnings
Additional Calculations
Change in Retained Earnings
$
$
$ 22,386.8 $ 24,719.5
16,074.0
17,843.6
1,011.4
1,247.0
1,393.3
1,755.4
3,908.1
93.6
$
1432
53.7 $
$
3,814.5
(503.0)
4,317.5
1309
56.8
1,432.6
2,884.9 $
1,515.9
3,873.5
170.3
3,703.2
(2,076.8)
5,780.0
1,262.0
4,518.0
1,760.5
2,884.9 $
4,518.0
1,515.9
1,760.5
1,802.8
7,038.0
(433.8) $ (4,280.5)
#VALUE! $ (3,846.7)

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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