Duke Energy Corporation is one of America’s leading diversified energy companies. At the end of 2012 the company had a balance in its retained earnings account of $1.9 billion. 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 (dollar amounts in billions).

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2012 Beginning retained earnings ? 19.6 17.8 1.8 Revenues for the period Expenses for the period Dividends declared 2011 $1.5 14.5 2010 $1.5 14.3 13.0 1.3