In its most recent financial statements, Del-Castillo Inc. reported $45 million of net income and $890 million of retained earnings. The previous retained earnings were $850 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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A:

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A: STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also Known as Changes in…

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A: The question is based on the concept of Financial Management. Dividend: It is the share of the…

Q: What is the net income for the year?

A: Net income = Amount paid in dividends + (Decrease in retained earnings)

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A: The net income for the year of a company is calculated using the following equation

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Q: Statement of Retained Earnings In its most recent financial statements, Del-Castillo Inc. reported…

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