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nally83
Oct 14, 2008, 05:04 PM
I am trying to do a homework problem and I am unsure how to calculate retained earnings.

The question reads:
Polycom Systems earned $480 million last year and paid out 20% of earnings by dividends.

a. By how much did the company's retained earnings increase?

b. With 100 million shares outstanding ans stock price of $80, what was the dividened yeid? (Hint: First compute dividends per share)


Can suggestions?!?!