Below are approximate amounts related to retained earnings reported by
Below are approximate amounts related to retained earnings reported by five companies in previous years?
1. Coca-Cola reports an increase in retained earnings of $3.2 billion and net income of $6.9 billion. What is the amount of dividends?
2. PepsiCo reports an increase in retained earnings of $3.4 billion and dividends of $2.6 billion. What is the amount of net income?
3. Google reports an increase in retained earnings of $1.6 billion and net income of $1.6 billion. What is the amount of dividends?
4. Sirius Satellite Radio reports beginning retained earnings of −$1.6 billion, net loss of $1.0 billion, and $0 dividends. What is the amount of ending retained earnings?
5. Abercrombie & Fitch reports ending retained earnings of $1.56 billion, net income of $0.43 billion, and dividends of $0.06 billion. What is the amount of beginning retained earnings?

Required:
Calculate the answer to each.

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