The income statement for 2018 shows sale revenue of 400, depreciation of 50, net income of...
The income statement for 2018 shows sale revenue of 400, depreciation of 50, net income of 50. If the dividend payout ratio was 20%, how much did retained earnings increase on the year-end balance sheet?
Homework Answers
Retention ratio=1-dividend payout
=(1-0.2)=0.8
Hence increase in retained earnings=0.8*Net income
=(0.8*50)
which is equal to
=$40
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