Homework Answers
| 1 | ||
| Op. bal.of Retained earnings | 26270 | |
| Add: Forecasted net income for FY 2020 | 4908 | |
| 31178 | ||
| Less: Dividends forecast [2693/4631*100= 58.15%] | -2854 | |
| Forecasted retained earnings for FY ending 2017 | 28324 Millions |
| 2 | ||
| Op. bal.of Retained earnings | 26270 | |
| Add: Forecasted net income for FY 2020 | 4908 | |
| 31178 | ||
| Less: Dividends forecast [ 0.50*4*1,340,697,595] | -2681 | |
| Forecasted retained earnings for FY ending 2017 | 28497 Millions |
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