ScholarMatic: Explanation & Answer
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Statement of Retuned Earnings
$710,000 at the end of the year. This year, Jefferson paid a dividend of
$55,000 and its end of the year retained earnings was $780,000. What was the
net income of Jefferson motors?
2. In your opinion if the firm has a high retained earnings
balance, could it still need to borrow cash to make required payments?
3. What if the firm finished this year with exactly the same
amount of retained earnings as it had at the end of last year? Would that mean
that the dividend must equal the net income, negative net income this year, no
dividends this year or even had a zero net income this year, and what do you
think and why?
ScholarMatic: Explanation & Answer
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