Question: please show step by step In its most recent financial statements, Del-Castillo Inc. reported $25 million of net income and $850 million of retained earnings.

please show step by step

In its most recent financial statements, Del-Castillo Inc. reported $25 million of net income and $850 million of retained earnings. The previous retained earnings were $845 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!