The balance of the retained earnings now

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Question: Suppose a company had$5million net income for year 2020 , and paid out dividends of$0.5per share. The company has 10 million shares outstanding. If the company had$31million retained earning at the end of year 2019, the balance of the retained earnings now (year 2020) is $ millions. Answer in millions, and round it to a whole million. Do not include the$sign or comma, e.g., 55 (for$55million).

Reference no: EM133474636

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