Question: there is no incomplete data this is the entire question Key Relations: Revenues, Expenses, Dividends, and Retained Earnings Compute the missing amounts in the following

Key Relations: Revenues, Expenses, Dividends, and Retained Earnings Compute the missing amounts in the following table. At the end of 2012, retained earnings had a balance of negative $2,086. Round to one decimal place. (Hint: Dividends reduce the retained earnings account.) 2010 2011 2012 Retained earnings (beginning) $11,846.5) $(2.230.5) $(3,053.0) Revenues 4,890.5 5,3770 0 Expenses 5,718,0 5,545,0 Dividends 0 0 17.5 0 Calculate expenses as a percentage of revenues for the three years. Round your answer to the nearest whole percentage (ex: 83%). 2010 2011 2012 105.8% 105.6 % 86.1% Calculate net income as a percentage of revenues for the three years. Round your answer to the nearest whole percentage (ex: 83%). Use negative signs with answers when appropriate. 2010 2011 2012 -5.8 % -5.6% 13.9%
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
