A restaurant earned $820 million last year and paid out 20% of earnings in dividends.
a. By how much did the restaurant's retained earnings increase?
b. With 100 million shares outstanding and a stock price of $50, what was the dividend yield?© BrainMass Inc. brainmass.com June 3, 2020, 7:03 pm ad1c9bdddf
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(a) Retained earning is the account that holds corporation's Net income after deducting Net losses and Dividend declared. The effect of declaration of Dividend on Net earning Net earning is decreased by ...
This solution provides a brief discussion and computation for you for net increase in retained earnings and dividend yield.