Dog cat house inc. reported $13 million of retained earnings in 2012. In 2013 the company had a net income of $4,000,000 and paid a dividend of $1.30 per share, dog cat house incs. EPS in 2013 were $1.50. What was dog cat house incs retained earnings balance at the end of 2013?
Dog cat house inc. reported $13 million of retained earnings in 2012. In 2013 the company had a net income of $4,000,000 and paid a dividend of $1.30 per share, dog cat house incs. EPS in 2013 were $1.50. What was dog cat house incs retained earnings balance at the end of 2013?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Dog cat house inc. reported $13 million of
Transcribed Image Text:Dog cat house inc. reported $13 million of retained earnings in 2012. In 2013 the company had a net income of $4,000,000 and paid a dividend of $1.30 per share, dog cat house incs. EPS in 2013
were $1.50. What was dog cat house incs retained earnings balance at the end of 2013?
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