Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Retained Earnings (https://www.askmehelpdesk.com/showthread.php?t=326513)

  • Mar 8, 2009, 12:58 PM
    Saphire101
    Retained Earnings
    I think I may have confused myself with this homework question. OKay if a companys earned 82 million last year and paid out 20 % of earnings in dividends I take 820 million x 20 % = 164 million that is the 20 % that was paid out. But it also asks how much did the company's retained earnings increase? I am not sure I understand this part?
  • Mar 8, 2009, 04:36 PM
    asastring

    earnings $82 million
    20% of $82 is $16.4 mil.
    unless there is more information retained earnings should be the difference 82 - 16.4 = 65.6

  • All times are GMT -7. The time now is 08:24 AM.