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Electronics World Inc. paid out $42.6 million in total common dividends and reported $322 million of retained earnings at year-end. The prior year's retained earnings were $244.7 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $

Electronics World Inc. paid out $42.6 million in total common dividends and reported $322 million of retained earnings at year-end. The prior year's retained earnings were $244.7 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $

Essentials Of Investments
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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Electronics World Inc. paid out $42.6 million in total common dividends and reported $322 million of retained earnings at year-end. The prior year's retained earnings were $244.7 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $
Transcribed Image Text:Electronics World Inc. paid out $42.6 million in total common dividends and reported $322 million of retained earnings at year-end. The prior year's retained earnings were $244.7 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. $
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