Question

Attempt in Progress Windsor, Inc. began the year with retained earnings of $305000. During the year, the company issued $402000 of common stock, recorded expenses of $1288000, and paid dividends of $83200. If Windsor's ending retained earnings was $325000, what was the company's revenue for the year? O $1710000 O $1391200 O $1308000 O $1793200

Answer 1

The answers to the above 5 questions are given in numerical order.

QU Retained earnings at the beginning + Current year profits 6-2 dividend paid closing Relained earnings $ 305000 103200 (614) ($83200) $325000 Revenue Expenses + profit -$1288000 + $ 103200 $ 1391200 2 Garnings per share Net Income Average common shares ocelstanding $44300 82.33 19000 28:37 $ 925000 $ 295000 (bit) ($ 235000) 6985000 Debt to Asset Rako Total debts Total Assels $25000 $ 88200 Relained earnings at the beginning + Current year profits 6) dividend paid closing Rehind barrings Expenses + profte $ 3500000 + 295000 $ 3795000 Stock holdexs equity at the beginning (0300000 -$2400000) + profits (#625000 - 325000) (-) dividend paid Stock holders equity at the end Revenue $ 60000 $ 300000 (65500) $ 305000