Yankees Limited earned a proft before taxation of $500 million and expects to pay income tax at

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Yankees Limited earned a proft before taxation of $500 million and expects to pay income tax at the rate of 30%. The company paid an interim dividend of $2 per share and expects to pay a fnal dividend of $3 per share. There are 50 million shares issued at a price of $12 each. Opening retained earnings were $15 million. Show your calculation of year-end retained earnings

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Yankees Limited earned a proft before taxation of $500 million and expects to pay income tax at

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