Question: At the end of 2012 a fast growing advertising agency had
At the end of 2012 a fast-growing advertising agency had a negative balance of $596 million in its retained earnings account. Compute the missing amounts in the following table, and comment on the company’s performance. Specifically, analyze the company’s sales growth, profits as a percentage of sales, and dividends declared as a percentage of net income (dollars inmillions).
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