Question: In its recent income statement, Smith Software Inc. reported $11 million of net income, and in its year-end balance sheet, Smith reported $392 million of
In its recent income statement, Smith Software Inc. reported $11 million of net income, and in its year-end balance sheet, Smith reported $392 million of retained earnings. The previous year, its balance sheet showed $381 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.) 18 21 O$18.00 $11.00 24 $11.00 -$2.00 $0.00
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