Dividends paid to shareholders during the most recent year

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Reference no: EM131820474

A recent income statement reported $28 million of net income, and the accompanying year-end balance sheet, reported $407 million of retained earnings. The previous year balance sheet showed $387 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? Give your answer in millions of dollars. $

Reference no: EM131820474

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