Question

See Table 2.5 LOADING... showing financial statement data and stock price data for Mydeco Corp. a. What were​ Mydeco's retained earnings each​ year? b. Using the data from ​, what was​ Mydeco's total​ stockholders' equity in ​?

See Table 2.5 showing financial statement data and stock price data for Mydeco Corp.


a. What were Mydeco's retained earnings each year?


b. Using the data from , what was Mydeco's total stockholders' equity in

?


table 2.5

20210605_142900-min.jpg

other half of table 2.5


20210605_142913-min.jpg

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Answer #1

A)                                2015             2016         2017         2018            2019

net income                  13.3               2.7             5.3            11.5            18.6

dividends paid             (5.0)             (5.0)          (5.0)            (5.0)          (6.0)

retained earnings       8.3                  (2.3)          0.3              6.5            12.6


B) stockholders equity 2014= stockholders equity 2015- retained earnings 2015

252.0- 8.3=  Answer: 243.7

answered by: Andrew San Andres
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See Table 2.5 LOADING... showing financial statement data and stock price data for Mydeco Corp. a. What were​ Mydeco's retained earnings each​ year? b. Using the data from ​, what was​ Mydeco's total​ stockholders' equity in ​?
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