On sept 30th the disney corp had a retained earnings


On Sept 30th, the Disney Corp had a Retained Earnings balance of $7,933 million. One year later it had jumped to $9,557 million. They sold no stock during the year but did pay $442 million in common dividends. Their DPS = $0.51. Given this information:

a. what must have been their net income for the year and b. how many shares of stock must be outstanding

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Financial Management: On sept 30th the disney corp had a retained earnings
Reference No:- TGS01129374

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