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What is the retained earnings balance

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Reference no: EM131974987

Question - A company has the following information:

• 2015 Retained Earnings - $12.0 billion

• 2016 Net Income - $3.5 billion

• 2016 CAPEX - $200.0 million

• 2016 Preferred Dividends - $100.0 million

• 2016 Cash Dividends - $400.0 million

What is the retained earnings balance at the end of 2016?

A. $15.5 billion

B. $15.2 billion

C. $14.8 billion

D. $15.0 billion

Reference no: EM131974987

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