E eBook Statement of Retained Earnings In its most recent financial statements, Del-Castillo Inc. reported $55 million of net income and $860 million of retained earnings. The previous retained earnings were $835 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.

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
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Statement of Retained Earnings
In its most recent financial statements, Del-Castillo Inc. reported $55 million of net income and $860 million of retained earnings. The previous retained earnings were
$835 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be
entered as 1,200,000. Round your answer to the nearest dollar.
Transcribed Image Text:ips ps eBook Statement of Retained Earnings In its most recent financial statements, Del-Castillo Inc. reported $55 million of net income and $860 million of retained earnings. The previous retained earnings were $835 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
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