On September 30th, the Disney Corporation had a retained earnings

On September 30th, the Disney Corporation had a retained earnings

Question # 00482292 Posted By: katetutor Updated on: 02/11/2017 01:11 AM Due on: 02/11/2017
Subject Business Topic Management Tutorials:
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On September 30th, the Disney Corporation had a retained earnings balance of $7,933 (million). One year later it had jumped to $9,557 (million). They sold no stock during the year, but did pay $342 (million) in common dividends. Their DPS = $0.51. Given this information:

  1. What must have been their net income for the year?

  1. How many shares of stock must be outstanding?
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    Tutorial # 00478582 Posted By: katetutor Posted on: 02/11/2017 01:12 AM
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