Compute the missing amounts (in millions) in the following table. (The balance in retained earnings at year-end 2015 was S2.2.) Comment on the fum's performance over the three-year period after calculating the level of expenses as a percentage of total revenues and net income as a percentage of total revenues. What advice would you give to this company in regards to its dividend policy?

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Retained earnings (beginning) Revenues Expenses Dividends. 2013 $1.2 8.8 7.4 ? 2014 $ 2.0 11.8 ? .6 2015 ? 11.8 11.0 .6 Retained earnings (beginning) Revenues Expenses Dividends. 2013 $1.2 8.8 7.4 ? 2014 $ 2.0 11.8 ? .6 2015 ? 11.8 11.0 .6

Answer rating: 100% (QA)

2013 2014 2015 Retained Earnings Beginnings 12 20 20 Revenues 88 118 118 ... View the full answer