Solved: What must have been xyzs net income for the year how many, Finance Basics

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What must have been xyzs net income for the year how many

Looking at the financials for the good old XYZ Corp, in 2016 they had a retained earnings balance of $7,933 million. In 2017, just one year later, it was $9,557 million! XYZ sold no stock during the year BUT they did pay out $442 million in common stock dividends. You also know that their DPS for 2017 is $0.51.

What must have been XYZ's net income for the year?

How many shares of stock must be outstanding?

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Finance Basics: What must have been xyzs net income for the year how many

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