New Hampshire Services reported $ 9.0 million of retained earnings on its December 31, 2007 balance sheet. In 2008, the company lost money; its net income was -$500,000 (negative $500,000). Despite the loss, the company still paid a $ 1.80 per share dividend. The company's earnings per share for 2008 were -$2.50 (negative $2.50). What was the level of retained earnings on the company's December 31, 2008 balance sheet?

Answer rating: 100% (QA)

To calculate the retained earnings for New Hampshire Services on December 31 2008 we need to conside... View the full answer