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How do you Calculate "Change in Retained Earnings"?

How do you Calculate "Change in Retained Earnings"?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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)

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 1,393.3 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 1,247.0 1,755.4 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)
Transcribed Image Text: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 1,393.3 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 1,247.0 1,755.4 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)
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 $ 2,462.3 $ 228.6 870.4 1,364.0 1,400.5 358.1 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 $ $ $ $ $ $ ss $ 782.5 $ 1,278.4 6.9 $ 8,756.3 181.5 693.1 349.9 2,159.8 2,588.6 4,220.7 $ 5,684.2 3,932.6 9,090.2 755.3 8,206.2 8,908.6 $ 22,980.6 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
Transcribed Image Text: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 $ 2,462.3 $ 228.6 870.4 1,364.0 1,400.5 358.1 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 $ $ $ $ $ $ ss $ 782.5 $ 1,278.4 6.9 $ 8,756.3 181.5 693.1 349.9 2,159.8 2,588.6 4,220.7 $ 5,684.2 3,932.6 9,090.2 755.3 8,206.2 8,908.6 $ 22,980.6 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
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