Question: Compute the missing amounts (in millions) in the following table. (The balance in retained earnings at year-end 2012 was $2.2.) comment on the firm's performance

Compute the missing amounts (in millions) in the following table. (The balance in retained earnings at year-end 2012 was $2.2.) comment on the firm'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 inregards to its dividends policy?

2010 2011 2012

Retained earnings (beginning) $1.2 2.0 ?

Revenues 8.8 11.8 11.8

Expenses 7.4 ? 11.0

Dividends ? .6 .6

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