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Amount of dividend paid out

At the beginning of the year Sump and Lane Corporation has retained earnings of $230M and at the end of the year, has retained earnings of $255M. If the net profits after taxes for the year is $70M, what is the amount of dividend paid out for the year?

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Finance Basics: Amount of dividend paid out

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Amount of dividend paid out

Reference No:- TGS0554435

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : Determine the amount to be paid

Q : What is the break-even point expressed in total revenue

Q : Question regarding firm earnings per share

Q : What is the two different kinds of candy

Q : Amount of dividend paid out

Q : What is the price of bond and promised rate of return

Q : Current capital structure

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Amount of dividend paid out

Reference No:- TGS0554435

Recent Questions Asked Finance Basics

Q : Determine the amount to be paid

Q : What is the break-even point expressed in total revenue

Q : Question regarding firm earnings per share

Q : What is the two different kinds of candy

Q : Amount of dividend paid out

Q : What is the price of bond and promised rate of return

Q : Current capital structure

Q : Rate of return on the sale

Q : Single investment

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