What was the net income, Electronics World Inc. paid out

What was the net income

Reference no: EM131969662

Question: Electronics World Inc. paid out $9.1 million in total common dividends and reported $127.7 million of retained earnings at year-end. The prior year's retained earnings were $106 million. What was the net income? Assume that all dividends declared were actually paid. Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

Reference no: EM131969662

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