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    Retained Earnings Balance

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    A company has the following information:

    2007 retained earnings balance of $12 billion
    Net income of $3.5 billion in 2008
    Capex of $200 million in 2008
    Preferred dividends of $100 million in 2008
    Common dividends of $400 million in 2008

    What is the retained earnings balance at the end of 2008?

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    https://brainmass.com/business/finance/retained-earnings-balance-543664

    Solution Preview

    The 2007 retained earnings balance is $12 billion + net income of $3.5 billion = $15.5 billion minus ...

    Solution Summary

    This solution calculates the retained earnings balance at the end of 2008.

    $2.19

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